Hoofddorp, The Netherlands, 2 August, 2012 – CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, today reports results for the three months ended 30 June 2012.

  • Revenue up 5.5% to €1,808 million in second quarter, led by growth in Ocean freight
  • Q2 EBITDA declined to €70 million with improvements in Asia offset by weakness in Southern Europe and Americas
  • Solid progress in individual geographies was offset by economic conditions

John Pattullo, CEO, said: “This was a difficult quarter, characterized by flat markets and customer caution, partially offset by our efficiency programs, global footprint and robust business model.

“Transpacific volume and weakness in Southern Europe remain a concern. As a result, we have introduced an even more rigorous approach to cost management to support delivery of our strategic plan.”

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