CEVA sees revenue fall
November 27th 2009 Global supply chain management company CEVA Logistics has announced revenue down by 15.7% for the nine months ended 30 September 2009.
The firm did generate cash through operations of €226 million during the first nine months of 2009.
Net working capital decreased by 76.2% and net debt decreased by 8.9% since 31 December 2008 and during the first nine months of 2009, new business awards were up 21% compared to the same period in 2008.
“Following a difficult Quarter One in 2009, we delivered strong progress in Quarter Two. I am pleased to report that we have maintained this momentum in Quarter Three. We continue to build our capabilities and are making positive headway,” commented John Pattullo, CEO, CEVA Logistics. “This progress will allow us to continue to grow our business and build on these results in 2010.” More articles from Handling & Storage Solutions: | 
