Thursday, 25 February 2010

Ceva profits fall

Ceva is expecting to report a 13% drop in revenue and a 28% decline in operating profits for 2009.

The logistics operator said it expected to report revenues of €5.5bn (US$7.4bn) and ebitda of €233m for 2009, compared with €6.3bn and €326m respectively in 2008.

Ceva added that its net debt on 31 December 2009 was €2.4bn, lower than the €2.5bn a year earlier.

It will report its full-year results on Wednesday.

The A2Z Freight Directory

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