CEVA Holdings posted solid second quarter earnings that were boosted by especially strong air freight numbers. The supply chain management company\u2019s revenue rose 7.8 percent (4.1 percent in constant FX, which eliminate the effects of exchange rate fluctuations when calculating financial performance numbers) to $3.23 billion in H1. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for January-June was $118 million, a 1.6% increase, year-over-year.
\nThe company attributed its \u201cabove-market growth in air and ocean freight\u201d to increased efforts in trade-lane optimization and sales. This strategy paid off with small- to medium-sized and multinational companies in non-cyclical sectors, CEVA said.
\nAirfreight volumes rose 6.6 percent in Q2. CEVA\u2019s results mirror a wider trend in airfreight, which has been struggling of late. However, according to IATA\u2019s latest numbers, global airfreight tonne kilometers grew by 4.3 percent, year-over-year, in June 2016, the fastest y-o-y pace in 14 months. The organization noted that, \u201cthe latest data point to an improvement from the weak conditions seen earlier this year.\u201d
\nIn the Netherlands, CEVA boss Xavier Urbain noted that, \u201cour half-year performance demonstrated stable net revenue in the first half, driven by above-market growth in air- and oceanfreight and resumed growth in Contract Logistics.\u201d The company also accredited its recent success to its, \u201cstrong focus on best practice implementation.\u201d
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\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
CEVA Holdings posted solid second quarter earnings that were boosted by especially strong air freight numbers. The supply chain management company\u2019s revenue rose 7.8 percent (4.1 percent in constant FX, which eliminate the effects of exchange rate fluctuations when calculating financial performance numbers) to $3.23 billion in H1. Adjusted earnings before interest, taxes, depreciation and[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[49],"class_list":["post-1739","post","type-post","status-publish","format-standard","hentry","category-news","tag-airport-code"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts\/1739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/comments?post=1739"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/posts\/1739\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/media?parent=1739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/categories?post=1739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/en\/wp-json\/wp\/v2\/tags?post=1739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}