Ceva Logistics sees 30% profit rise for 1H

Ceva Logistics has posted a 30 per cent rise in first half EBITDA to E152 million, after winning new business worth one billion euros. First half sales were up five per cent to E3.4 billion.


CEVA Logistics Rubin McDougal


Ceva Logistics has posted a 30 per cent rise in first half EBITDA to E152 million, after winning new business worth one billion euros. First half sales were up five per cent to E3.4 billion.

The group said it saw some softening of the global freight market, driven mainly by lower airfreight volumes predominantly in the Americas and Asia Pacific regions. Chief financial officer Rubin McDougal said that by managing margins Ceva was able to maintain flat year-on-year revenues, at constant exchange rates. To this end Ceva also increased its freight management business wins by 17 per cent year-on-year, with new business across all regions and particularly in the technology, automotive and energy sectors.

Ceva Logistics has posted a 30 per cent rise in first half EBITDA to E152 million, after winning new business worth one billion euros. First half sales were up five per cent to E3.4 billion.The group said it saw some softening of the global freight market, driven mainly by lower airfreight volumes predominantly in the Americas and Asia Pacific regions. Chief financial officer Rubin McDougal said that by managing margins Ceva was able to maintain flat year-on-year revenues, at constant exchange rates. To this end Ceva also increased its freight management business wins by 17 per cent year-on-year, with new business across all regions and particularly in the technology, automotive and energy sectors.