CEVA has robust First Quarter 2017


CEVA Holdings LLC – Results for the Quarter One ended 31 March 2017

  • Good growth with revenue up 5% YoY in constant currency, both in Freight Management and Contract Logistics
  • Continued profitability improvement: Adjusted EBITDA of $54 million, up $2 million in constant currency, despite volatile market conditions and comparative
  • Delivering cost savings through Operational Excellence Program
  • Operating cash flow improved by $13 million reflecting continued focus on cash
  • ANJI-CEVA joint venture renewed for 15 years
  • Refinancing of key 2018 maturities successfully completed

Hoofddorp, the Netherlands, 3 May, 2017 – CEVA Holdings LLC (“CEVA” or the “Company”), one of the world’s leading non‐asset based supply chain management companies, today reported results for the first quarter of the year ended 31 March, 2017.

Read more at www.cevalogistics.com

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