Ceva's 2Q results: revenues up but profits down

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By Gavin van Marle

02/08/2012

Revenue for the Group increased 5.5% to €1,808 million in the second quarter (2011: €1,713 million). Freight Management (FM) revenues increased 9%, while Contract Logistics (CL) grew 3%. Progress in FM was largely due to strong growth in our Ocean freight business, particularly out of Asia.

Adjusted EBITDA declined 13.6% to €70 million.

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