CEVA narrows losses in what its claims are 'robust' Q3 results

10/11/2015

CEVA is still restructuring – and its third-quarter results saw it narrow its net losses to $58m, from $92m a year ago. It saw a 4% year-on-year decline in air freight, on the back of weak global demand, but revenues rose. As ACN points out, though, Kuehne + Nagel and DSV both saw a rise in demand. CEVA chief Xavier Urbain put a positive spin on the results, however, saying they were “robust”, and that the new operating model “continues to pay off”. You can access the full results here.

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John Roberts
November 10, 2015 at 3:11 pm
I’m not an expert in accounting but this means they are losing nearly $4,000,000 every single week.
Maybe they ought to be back to the simple business model of just charging customers more than they pay to their suppliers and keeping the balance which we call profit.

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Egan
November 11, 2015 at 3:22 am
Looks line revenue is down by over 10% while other 3PL players are up (?).. As of sep YTD EBITDA only increased by 30mln usd mainly due to cutting staff.
Overall loss for 9 month is usd 123mln ; Debt sits at usd1.98bn ;

Debt is USD nominated and income comes mostly from Non US countries ..with FED increasing the rate it could have a negative impact
need more cost trimming and more sales … can they ever pay the debt down?

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