Ceva saw its margins squeezed in the third quarter. Although sales were up 25 per cent to 1.67 billion euros, EBITDA rose more slowly – up 10 per cent to 102m euros.
Chief executive John Pattullo said: “Although we are facing increasingly tough market conditions, Ceva is in a solid position to maintain momentum: we have clear strategy, good focus on costs & cash and innovative solutions which are driving above market revenue growth”
* Australian power supplier Western Power has chosen Ceva to provide an integrated logistics service. Western Power’s managing director, Doug Aberle said Ceva would provide an integrated transport and logistics solution for intrastate services to Western Power depots and construction sites.