Improvement of the economic performances of the Zim in the fourth trimester of 2016



In the last trimester of the 2016 economic results of the company of Israeli navigation Zim they have shown an improvement and , that the fourth trimester of 2015 is the first result clearly of sign negative after four closed consecutive trimesters in loss (was concluded with a net loss of -28,3 million dollars).

In the last quarterly period last year the revenues are piled to 653,5 million dollars, with a decrease of the -4,9% regarding the correspondent period of 2015 after six consecutive trimesters in which the volume of transactions it had recorded bendings to two figures. The EBITDA has been attested to 52,8 million dollars regarding 7,1 million dollars in 2015. The operating result has been of positive sign for 26,0 million dollars respect to an operating result of sign negative for -17,8 million dollars in the period October-December of the exercise precedence.

In the fourth trimester of the 2016 fleet of portacontainer of the company it has transported cargo volumes pairs to 613 thousand teu, with an increment of +3.9% regarding 590 thousand teu in the same period of the year precedence. The medium revenue for container teu has turned out pairs to 915 dollars, with a decrease of the -7,4% regarding 988 dollars in the last trimester of 2015.

In the entire exercise anniversary 2016 Zim has totaled revenues pairs to 2,54 billion dollars, with a contraction of the -15,1% regarding 2,99 billion dollars in 2015. The EBITDA is piled to 49,9 million dollars (- 75.6%). The operating result has been of sign negative for -52,1 million dollars respect to an operating profit of 98,0 million dollars in the exercise precedence. The economic result clearly has been of sign negative for -163,5 million dollars respect to a profit clearly of 6,5 million dollars in 2015.

Last year the ships of the Zim have transported a total containerized cargo volume pairs to beyond 2,4 million teu, with a progression of +5.2%. The medium revenue for teu has turned out pairs to 902 dollars, with an important bending of the -19,9% regarding 1.126 dollars in 2015.

"In spite of the truly difficult conditions of the market in the course of 2016 - it has emphasized the president and managing director of the Israeli company, Rafi Danieli - our results have continued to grow, with a profit clearly in the fourth trimester and with a transported increase of the container. The results - it has specified - are obtained thanks to the success of the implementation to all the levels of a plan of efficientamento and cost reduction".