Home / Knowledge / News / Textiles / 'Ceva's new operating model continues to pay off'
'Ceva's new operating model continues to pay off'
16
Nov '15
Ceva Holdings, a Netherlands based non-asset based supply chain management company, has released results for the third quarter ended 30 September 2015, which shows that the company's new operating model is continuing to pay off.
 
“Ceva's new operating model continues to pay off,” said Xavier Urbain, CEO of CEVA, commenting on the results in a press release. The results showed the company's Q3 revenue at $1.7 billion, like-for-like down 2.4 per cent in constant currency. EBITDA for the quarter was up 27 per cent year-over-year, up 38 per cent like-for-like in constant currency.
 
In contract logistics segment, best practices and benchmarking drove productivity efficiencies, moving EBITDA margin  to 6.2 per cent from 5 per cent like-for-like, year-over-year. Q3 EBITDA was up 6 per cent year-over-year, 18 per cent in constant currency. 
 
The contract logistics business pipeline advanced 5 per cent year-over-year, with a hit rate that increased sequentially to 25 per cent from 21 per cent over the previous quarter. This progress was backed by significant wins in the consumer & retail and healthcare sectors.
 
In the UK Ceva signed four, ten-year warehousing and transport contracts for leading fashion retailers Coast, Karen Millen, Oasis and Warehouse which amount to over $40 million annually. 
 
In freight management, net revenue improvement for air freight was 6 per cent year over year driven by rates, while ocean freight delivered sustainable net revenue resulting in EBITDA growth of 125 per cent in constant currency.
 
CEVA's overall business pipeline continued to be strong in the third quarter, with a 9 per cent increase over the previous year. CEVA continues to proactively invest in its field sales team, which has grown by some 20 per cent compared to the same period last year, with a solid focus on increasing sales to small and medium-sized enterprises as well as multinational companies.
 
“Despite overall industry headwinds, our performance in the third quarter was robust and we continue to defend our position in a generally soft market. Our focus on process and product improvement for all business lines has allowed us to increase profitability in spite of difficult industry volume evolution,” said Urbain.  (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search