ZIM posts Q3 2017 results
ZIM continues to outperform the industry and achieve encouraging results, the company said in its press release.
ZIM reported an adjusted EBITDA of $89.2M in Q3 2017 compared to $10.5M in Q3 2016, with an adjusted EBITDA margin of 10.9%.
The carried quantities increased by 10.6% to 688 thousand TEUs in Q3 2017, compared to 622 thousand TEUs in Q3 2016.
Financial and Operating Highlights for the Three Months Ended September 30, 2017
Adjusted net profit was $36.2 million, compared to adjusted net loss of $40.4 million in Q3 2016 Operating cash flow was $46.4 million, compared to $12.7 million in Q3 2016
Total revenues were $816.7 million, compared to $643.9 million in Q3 2016, a 26.8% increase
Net profit was $25.2 million, compared to net loss of $37.6 million in Q3 2016Adjusted EBITDA was $89.2 million compared to $10.5 million in Q3 2016
EBITDA was $83.6 million compared to $17.7 million in Q3 2016
Adjusted EBIT was $61.8 million, compared to negative $14.4 million in Q3 2016
EBIT was $53.8 million, compared to negative $7.2 million in Q3 2016
ZIM carried 688 thousand TEUs, compared to 622 thousand TEUs in Q3 2016, a 10.6% increase
The average freight rate per TEU was $1,058, compared to $887 in Q3 2016, a 19.2 % increase
Financial and Operating Highlights for the Nine Months Ended September 30, 2017
Adjusted net profit was $51.3 million, compared to adjusted net loss of $151.3 million in the comparable period of 2016.
Net Profit was $21.1 million, compared to net loss of $168.1 million in the comparable period of 2016
Total revenues were $2,217.4 million, compared to $1,885.8 million in the comparable period of 2016, a 17.6% increase.
Operating cash flow was $169.2 million, compared to $15.7 million in the comparable period of 2016.
Adjusted EBITDA was $216.7 million compared to $2.8 million in the comparable period of 2016.
EBITDA was $197.7 million, compared to negative $2.9 million in the comparable period of 2016.
Adjusted EBIT was $136.2 million compared to negative $71.3 million in the comparable period of 2016.
EBIT was $114.8 million, compared to negative $78.1 million in the comparable period of 2016.
ZIM carried 1,945 thousand TEUs, compared to 1,816 thousand TEUs in the comparable period of 2016, a 7.1% increase.
The average freight rate per TEU was $1,008, compared to $898 in the comparable period of 2016, a 12.2% increase.
