Ceva’s operating profit showed a 57 per cent increase in the fourth quarter driven by a strong performance from the Contract Logistics division
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Ceva Logistics maintained EBITDA at $80m for the third quarter despite a decline in revenue to $2.1bn from $2.3bn in the third quarter last year
Xavier Urbain has been appointed as Ceva Logistics’ chief executive officer, from 2 January 2014, when he will take over from Marvin O. Schlanger
Ceva Logistics has opened a Centre of Logistics Excellence for Asia Pacific in Changi, Singapore, as part of an investment programme following the firm’s drastic restructuring
Ceva Logistics has teamed up with Tower Cold Chain Solutions, to launch a new service for shipping temperature sensitive pharmaceutical goods at a consistent temperature, the KryoTrans KTM modular pallet shipper
Ceva’s operating profit doubled between the first and second quarters of 2013. “The steps we are taking to restructure the company’s balance sheet and address its cost base are already delivering strong results,” said CEO Marvin O Schlanger
Ceva logistics has weathered the storm, emerging rejuvenated and fighting fit, chief commercial officer Inna Kuznetsova tells Johanna Parsons
Sales and profits fell at Ceva in the first quarter as a result of difficult market conditions
Ceva is completing its recapitalisation which reduces its net debt by some €1.3 billion. “We are appreciative of the support of our creditors in this effort,” said chief executive officer Marvin O Schlanger.
Ceva saw EBITDA fall 21.8 per cent to €251m for 2012 despite a rise in sales of 4.8 per cent to €7.2 billion
