Earnings release
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Gr ZIM Press Release Increases 2021 Guidance to Between $ 2.5 Billion and $ 2.8 Billion of Adjusted EBITDA and Between $ 1.85 Billion to $ 2.15 Billion of Adjusted EBIT Announces Special Dividend of Approximately $ 238 Million , or $ 2.00 Per Share , on Top of 2021 Annual Dividend ZIM Reports Financial Results for the First Quarter of 2021 Generates Record Quarterly Net Income of $ 590 Million and Adjusted EBITDA of $ 821 Million Haifa , Israel , May 19 , 2021 ZIM Integrated Shipping Services Ltd. ( NYSE : ZIM ) , a global container liner shipping company , announced today its consolidated results for the three months ended March 31 , 2021 . First Quarter 2021 Highlights Net income for the first quarter was $ 589.6 million ( compared to a loss of $ 11.9 million in the first quarter of 2020 ) , or $ 5.35 per share¹ Adjusted EBITDA² for the first quarter was $ 820.5 million , a year - over - year increase of 744 % ● ● ● Operating income ( EBIT ) for the first quarter was $ 683.5 million , a year - over - year increase of 2,645 % Adjusted EBIT for the first quarter was $ 687.8 million , a year - over - year increase of 2,430 % ¹ Earnings per share calculation for all periods reflect a share split of 1:10 that became effective in 2021 . 2 See disclosure regarding " Use of Non - IFRS Financial Measures " below . *** ZIM The Z Factor CAN - DO APPROACH RESULTS - DRIVEN AGILE SUSTAINABILITY WWW.ZIM.COM TOGETHERNESS