Hoofddorp, The Netherlands, 8 November 2011 – CEVA Logistics, one of the world’s leading non-asset based supply chain management companies, has today reported its Third Quarter, 2011 results.
Revenue of €1.76 billion and EBITDA of €86 million, up year-on-year by 1.2% and 5.8% respectively, at constant exchange rates, reflecting continuing good performance in Contract Logistics, partly offset by lower rates and volumes in Freight Management
Year to date EBITDA increased to €238 million, up year-on-year by 17.2% and 21.9% at actual and constant exchange rates respectively
Continued focus on cash management drives year-on-year reduction in net working capital by €34 million.
Read company press relase for more details and financial information
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