English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

"Robust" CEVA reports EBITDA increase

HOOFDDORP, Netherlands: CEVA Holdings has reported revenue of US$1.7 billion for Q3 ending September 30, 2015 – a drop of 2.4 percent over the same period last year - and an adjusted EBITDA of US$80 million, an increase of 38.1 percent from 2014.

"CEVA's new operating model continues to pay off," said Xavier Urbain, CEO of CEVA. "Despite overall industry headwinds, our performance in the third quarter was robust and we continue to defend our position in a generally soft market. Our focus on process and product improvement for all business lines has allowed us to increase profitability in spite of difficult industry volume evolution.

"Our Air & Ocean business lines now have the right organizational structures in place allowing them to take advantage of a better aligned procurement approach. Additionally, our focus on quality trade lanes and those where we have a strong presence allowed us to gain share on key routes. CEVA was also able to create opportunities with major customers across all of our customer segments: small medium-sized enterprises, multinational companies and global key accounts."

The company's freight management division continued to deliver strong EBITDA performance in Q3, up 125 percent year-over-year in constant currency. Global demand for freight transportation has declined due to headwinds from the Air and Ocean freight market. Consequently, Airfreight volumes declined 4.0 percent year-over-year and Ocean freight volumes declined 5.7 percent year-on-year.

Contract Logistics maintained industry-leading Adjusted EBITDA margins of 6.2 percent in Q3, up from 5.5 percent in the previous quarter, driven by effective space management and improved productivity. Contract Logistics revenue is flat like-for-like, year-over-year in constant currency.

More News

Written on 15/12/2017, 22:46
tx-logistik-buys-40-bombardier-locomotivesTROISDORF, Germany: December 14, 2017. Italian rail company TX Logistik has signed a purchase and maintenance contract with Bombardier Transportation for...
Written on 15/12/2017, 21:57
turkish-airlines-signs-airport-transfer-dealISTANBUL: December 14, 2017. Turkish Airlines has signed a consulting contract with Munich Airport International (MIA) to help facilitate the transfer of...
Written on 15/12/2017, 19:59
xeneta-to-add-air-to-ocean-rate-platform-in-2018OSLO: December 14, 2017. Ocean rate platform Xeneta is adding air cargo rates to a product suite that it says will "bring fresh levels of transparency to...
Written on 15/12/2017, 17:34
cargolux-gets-the-measure-of-wind-farmsLUXEMBOURG: December 15, 2017. Cargolux and Globaltrans Internationale Logistik have delivered two wind measuring buoys for two 2.8GW capacity wind...
Written on 15/12/2017, 15:44
brussels-bounces-backBRUSSELS: December 15, 2017. Brussels Airport is finalizing plans for a new cargo warehouse and additional apron space in anticipation of new services by...
Written on 14/12/2017, 21:15
dhl-tests-abc-pharma-service-to-nicaraguaMOSCOW: December 13, 2017. DHL Global Forwarding (DGF) has tested the reliability of using the AirBridge Cargo Airlines (ABC) pharma logistics service...
Written on 14/12/2017, 19:34
berlin-gets-electric-deliveries-from-dachserKAMPTEN, Berlin: December 14, 2017. Dachser and DHL are the launch customers of Daimler's all-electric FUSO eCanter commercial vehicle. Both companies...
Written on 13/12/2017, 22:04
delta-adds-dusseldorf-to-ceiv-networkATLANTA: December 13, 2017. As Delta Air Lines announces an order for 100 Airbus A321neo, its Cargo division says it now has seven CEIV-approved...
Written on 07/12/2017, 22:33
russian-railways-to-invest-rub7-7-trillionMOSCOW: December 04, 2017. Speaking at the III Railway Congress at the beginning of this month, OJSC Russian Railways president Oleg Belozerov said the...
Written on 07/12/2017, 16:12
first-b777-freighter-for-turkish-cargoISTANBUL: December 07, 2017: Turkish Airlines has taken delivery of the first of two B777 freighters due to arrive in 2017 at a ceremony in Istanbul this...
Written on 06/12/2017, 20:49
cma-cgm-supports-green-santa-clausMARSEILLE: December 06, 2017. CMA CGM and French clothing manufacturer Kaporal Group have launched a limited edition collection called 'Shipping the...
Written on 06/12/2017, 16:57
jal-invests-in-supersonic-boomTOKYO/DENVER: November 05, 2017. Japan Airlines (JAL) has invested US$10 million and placed options for up to 20 Boom Supersonic aircraft as part of a...
Written on 05/12/2017, 21:47
freightweek-news-update-week-49COPENHAGEN: Maersk Line makes westbound network changes as Asian port congestion causes sailing delays. Read more: Advisory.pdf PARIS: December 08, 2017....
Written on 05/12/2017, 17:13
virgin-hyperloop-one-to-link-bengaluru-and-chennai-in-25-minutesBENGALURU, India: December 05, 2017. Virgin Hyperloop One has signed an MoU with the Indian state of Karnataka to determine the economic impact of its...
Written on 01/12/2017, 18:49
dhl-s-first-converted-a330-300-just-needs-paintDRESDEN: December 01, 2017. DHL Express has taken delivery of the first A330-300 Passenger-to-Freighter (P2F) conversion from Elbe Flugzeugwerke (EFW),...
Written on 29/11/2017, 21:29
cargolux-nca-code-share-to-include-frankfurt-hahnLUXEMBOURG: November 29, 2017. Cargolux has signed a new code-share and capacity swap agreement with Nippon Cargo Airlines (NCA) between Europe and Japan...
Written on 29/11/2017, 00:08
smart-retailer-ocado-signs-ecommerce-deal-with-groupe-casinoLONDON/PARIS: November 28, 2017. UK online grocery retailer Ocado Group is to provide its proprietary eCommerce technology to French bricks and mortar...
Written on 28/11/2017, 19:06
swiss-world-cargo-expands-pharma-corridorsZURICH: November 28, 2017. Swissmedic, responsible for the authorization and supervision of therapeutic products in Switzerland, has renewed the...
Written on 27/11/2017, 20:02
freightweek-news-update-week-48BRUSSELS: November 30, 2017. The European Commission has updated its list of 178 airlines banned from the EU for safety reasons. Read...
Written on 26/11/2017, 22:46
air-canada-cancels-freighter-networkTORONTO: November 24, 2017. Air Canada Cargo is terminating its B767 freighter services to and from Mexico, Dallas-Fort Worth, Atlanta, Bogota, Lima and...

- powered by Quickchilli.com -