上调全年业绩指引！ZIM公布2025年三季度业绩

Core Viewpoint - ZIM reported a significant decline in financial performance for Q3 2025, with revenue and net profit dropping sharply compared to the previous year, reflecting challenges in the shipping industry due to geopolitical factors and fluctuating tariff policies [1][3][13]. Financial Performance Summary - In Q3 2025, ZIM's revenue reached $1.778 billion, a decrease of 35.7% year-on-year [3][4]. - The net profit for the same period was $123 million, down 89.1% compared to Q3 2024 [3][4]. - The average freight rate per container fell to $1,602, a decline of 35.4% year-on-year [3][4]. - The total container volume handled was 926,000 TEU, representing a 4.5% decrease from the previous year [3][4]. - EBITDA for Q3 2025 was $593 million, down 61.3% year-on-year [3][4]. Year-to-Date Performance - For the first nine months of 2025, ZIM's container volume was 2.765 million TEU, a slight decrease of 0.1% year-on-year [5][6]. - Revenue for the first nine months was $5.419 billion, down 13.4% compared to the same period in 2024 [5][6]. - Net profit for the first nine months was $443 million, a decrease of 72.2% year-on-year [5][6]. Market Trends and Insights - The most significant decline in container volume was observed in the Asia routes, which dropped by 4.1% to 187,000 TEU [8]. - The Pacific routes saw a slight increase of 1.7%, reaching 421,000 TEU [8]. - ZIM's free cash flow for Q3 2025 was $574 million, down 60.5% year-on-year [3][4]. Future Outlook - ZIM has raised its full-year guidance for 2025, expecting adjusted EBITDA to be between $2 billion and $2.2 billion, and adjusted EBIT to be between $700 million and $900 million [10][13]. - The CEO emphasized the company's resilience in a volatile market and the focus on sustainable and profitable growth strategies [13]. Competitive Position - ZIM ranks 10th among global shipping companies, operating 116 container ships with a total capacity of 704,000 TEU, of which 14 are owned and 102 are chartered [20].