ZIM Integrated Shipping Services .(US:ZIM)2024-11-20 15:47Financial Performance - Q3 2024 - Revenue reached $2.77 billion, a 117% increase year-over-year[12] - Adjusted EBITDA was $1.53 billion, a 626% increase year-over-year, with a 55% margin[12] - Net income was $1.13 billion, compared to a net loss of $2.27 billion in Q3 2023, achieving a 45% margin[12, 13] - Cash flow from operations was $1.50 billion, a 343% increase year-over-year[12] Financial Position - Total liquidity stood at $3.12 billion[12] - Total equity was $3.93 billion as of September 30, 2024[12] - Net debt was $2.698 billion, with a net leverage ratio of 0.9x[22] Guidance and Dividends - The company raised its full-year 2024 Adjusted EBITDA guidance to $3.3 billion - $3.6 billion[15] - The company raised its full-year 2024 Adjusted EBIT guidance to $2.15 billion - $2.45 billion[15] - A Q3 2024 dividend of $3.65 per share was declared, comprising a regular dividend of $2.81 and a special dividend of $0.84[17] Operational Highlights - Carried volume increased to 970K TEUs in Q3 2024, a 12% increase year-over-year[22] - The average freight rate was $2,480 per TEU, a 118% increase year-over-year[22]