Independent journal on economy and transport policy
16:53 GMT+1
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the logistic group CEVA has closed the first trimester in profit, but the turnover is dropped
Urbain: the market turbulences continue to having impact on all the operators of the field
May 18, 2016
The logistic group CEVA Holdings has concluded the first three months of this year with a turnover of 1,57 billion dollars, with a decrease of the -11,8% regarding the same period of the 2015 (with exclusion of the impact of cessions for 32 million dollars from the turnover 2015 decrease turns out of the -10,2%). The EBITDA has been pairs to 42 million dollars regarding 41 million in the first trimester last year. The EBITDA rectified, that nine million include the contribution of joint venture Anji-CEVA () and exclude extraordinary effects which costs of restructure let alone some expenses extraordinary lawyers, has turned out pairs to 55 million dollars, with an increment of +7.8% (+15.7% to constant exchange rates). The group clearly has archived item the first trimester of 2016 with a profit of three million dollars respect to a rectified net loss of -74 million dollars in the same period of 2015 (- 26 million not rectified).
"The beginning of 2016 - the managing director of CEVA has commented, Xavier Urbain - sees to continue the trend begun in 2015. The market turbulences continue to having impact on all the operators of the field, but in spite of this climate the volumes of CEVA Air and Ocean are increased respective of 1.5% and 1.0%. Moreover, we forward maintain also the overhong through the constant attention to the improvement of the productivity and to the purchases it is in the business of the Freight Management is in Contract Logistics. Parallel we continue to strengthen our market share in the transpacifici traffics".
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The logistic group CEVA Holdings has concluded the first three months of this year with a turnover of 1,57 billion dollars, with a decrease of the -11,8% regarding the same period of the 2015 (with exclusion of the impact of cessions for 32 million dollars from the turnover 2015 decrease turns out of the -10,2%). The EBITDA has been pairs to 42 million dollars regarding 41 million in the first trimester last year. The EBITDA rectified, that nine million include the contribution of joint venture Anji-CEVA () and exclude extraordinary effects which costs of restructure let alone some expenses extraordinary lawyers, has turned out pairs to 55 million dollars, with an increment of +7.8% (+15.7% to constant exchange rates). The group clearly has archived item the first trimester of 2016 with a profit of three million dollars respect to a rectified net loss of -74 million dollars in the same period of 2015 (- 26 million not rectified).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
