ZIM reported FY2013 results before Market on 13 March 2024. The $147m net loss
for 4Q 2023 was better than the average consensus estimates on Bloomberg. The
capital market was disappointed, anyhow, on a set of cautious guidance despite
of the recent rebound in the spot rates.
For 2024, management guided -$300mn to +$300mn for EBIT; and $850mn to $1,450 mn
for EBITDA. In other words, depreciation guidance is $1,150mn, which means the
depreciation expenses for 2024 will not drop much against the