$ZIM Integrated Shipping (ZIM.US)$ At the moment it will not...

At the moment it will not recover to pre-pandemic levels where shipping rates and demand was at it highest
ZIM failed to meet analysts' top- and bottom-line expectations. Management foresees a sharp decline in profitability from 2022 to 2023.

Representing a year-over-year decrease of 63%, ZIM reported Q1 2023 revenue of $1.37 billion. Besides the startling decline in performance compared to the same period last year, ZIM's inability to meet analysts' expectations also upset investors. The company's reported sales failed to meet analysts' estimate of $1.57 billion.
Investors found an even greater source of concern at the bottom of the income statement. Whereas it reported earnings per share of $14.19 in Q1 2022, the company reported a loss per share of $0.50 in Q1 2023. Addressing the quarterly results, Eli Glickman, the company's president and CEO, stated the company's financial performance "reflected the significant decline in freight rates and weak demand, particularly in the Transpacific trade, that began last year."
With regards to 2023, ZIM reaffirmed its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast of $1.8 billion to $2.2 billion. Should the company achieve the midpoint of this guidance, it will represent a 73% decrease over the $7.5 billion in adjusted EBITDA that it reported in 2022.