Positive financial outlook for Ceva
2018 has been a year of structural changes for Ceva. One highlight was the company’s successful initial public offering on the SIX Swiss stock exchange. A transformational refinancing followed, involving an overhaul of the pre-IPO structure, an extension of maturities and a reduction of interest costs.
Ceva Logistics expects an approximately 5.2% growth in revenue in 2018 compared to the previous year (from USD 6.994 billion in 2017 to USD 7.356 billion in 2018).
Freight management revenue is expected to increase by a strong 7.3% to around USD 3.507 billion, while revenue growth in contract logistics is estimated to rise by 3.3% to about USD 3.848 billion.
Ceva’s audited financial results as per 31 December 2018 will be published on 28 February 2019. (mw)