News / Analysis: a more positive quarter for a leaner-looking CEVA Logistics

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CEVA Logistics churned out positive core free cash flow (FcF) of $9m in the third quarter, after almost three years of negative FcF, its trading update revealed today.

This a key milestone on the road to positive FcF generation next year, which “remains the target” for the US-based 3PL owned by Apollo, chief financial officer Peter Waller told The Loadstar in an interview today.

“The third quarter was another good quarter,” Mr Waller insisted, “with top-line growth, much better working capital management, ...