From the 2015 logistic group CEVA it will introduce a new operating model based on 17 geographic clusters



The logistic group CEVA Holdings, whose strategy of business is not based on the asset possession, has archived item the third trimester of 2014 with a net loss of -90 million dollars on revenues for 1,99 billion dollars, respect to a net loss of -50 million dollars on revenues for 2,02 billion dollars in the same period last year. The EBITDA and the EBITDA rectified are piled respective to 49 million and 64 million dollars, against 53 million and 80 million dollars in the period July-september last year. The operating profit has been attested to four million dollars regarding three million dollars in the third trimester of 2013.

CEVA has announced that in the third trimester of this year the enlivened marine shipment and air shipment volumes from the group are increased respective of +5% and +11%, with advanced rates of growth therefore at the market.

Commenting the results of the trimester, the managing director of CEVA, Xavier Urbain, has announced the transformation of the operating model of the group "that - it has explained - from regional will pass to premises, with the optical - he has specified - to increase the speed of our activity. For our customers - it has added Urbain - a decisional process of local type is an optimal news, since more means greater rapidity in the decisions and alacrity in finding the solutions adapted to their requirements".

CEVA has specified that a new operating model, that will become operating from next 1° January, is stiff to eliminate the current structures based on the regions to go to a model based on 17 geographic clusters constituted by Countries with governance and homogenous rules of business. Cluster - it has specified the company - that can coincide with a single State, as in the case of China, or with more next Countries geographically. "Draft - it has emphasized Urbain - of a true revolution for CEVA. The new operating model goes in the direction of the maximum present professionality on the logistic market since it affords to offer an impeccable service us to our customers. We expect to increase our rapidity, to improve the ability to answer to must of the market, velocizzare the decisional process and supplying numerous opportunities in order to take advantage of the speed as a competitive advantage".

CEVA has announced that the group, in the course of the third trimester of this year, has put into effect a series of initiatives of control of the costs that would have to show own results in the second half of 2014 and in 2015. Draft of measures that include also an organizational restructure in some European Countries, the adoption of informative procedures for the franchise to the aim to realize savings on the transport costs, the continuous reduction of the expenses and the consolidation of some warehouses, as for example to Singapore.

In the first nine months of the 2014 group it has recorded altogether a net loss of -305 million dollars on revenues for 5,83 billion dollars respect to a net loss of -6 million dollars on revenues for 6,13 billion dollars in the correspondent period last year. EBITDA and EBITDA rectified have been pairs to 122 million and 167 million dollars against 148 million and 200 million dollars in the period January-september of 2013. The operating result has been of sign negative for -16 million dollars respect to operating liabilities of -7 million dollars in the first nine months last year.