Ceva Logistics addresses direct and indirect costs
Difficult economic framework conditions result in decline in profitability with Ceva Logistics in the first six months of 2012
Ceva Logistics, one of the world’s leading supply chain management companies, takes the decline in profitability in the first six months of 2012 as a reason to introduce a cost management program. They were able to identify potential efficiency increases in the freight management network as well as the low-profit segment of contract logistics, as the company announced when presenting the results for the first two quarters 2012.
In the first six months of 2012 transpacific volume and weakness in Southern Europe remain a concern of Ceva Logistics. Revenue increased 3.5 per cent year-on-year to EUR 3.4 billion. However, adjusted Ebitda declined 13.6 per cent to EUR 70 million. The main reason therefore were declines in the segment contract logistics, due to the general economic downturn, particularly in Southern Europe, as well as non-recurring effects in the first quarter 2012.
According to the motto “making business flow“ Ceva Logistics offers industry-specific supply chain management solutions (concepts, implementation and operative handling) for groups as well as national and multinational medium-sized enterprises. In the 2011 business year the worldwide operating company with 51,000 employees generated turnover at EUR 6.9 billion.
Quelle: LogEastics
Portal: www.logistik-express.com