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CEVA 2017 profit up 7.6pc to US$154 million as revenues rise 2.8pc
来源： 编辑：编辑部 发布：2018/02/26 08:56:26
LEADING Dutch logistics provider CEVA Holdings' operating profit increased 7.6 per cent in 2017 to US$154 million year on year, drawn on revenues of $3.3 billion, up 2.8 per cent, the company announced.
Fourth quarter operating profit was up 75 per cent to $71 million, drawn on revenues of $1.8 billion, up 5.7 per cent, it said.
"I am pleased to report a strong finish to a good year," said CEVA chief executive Xavier Urbain.
"Our Excellence Programme has delivered important cost savings and has supported much better profits despite market headwinds," he said.
"At the same time, revenue growth across Contract Logistics and Freight Management has been very good. With stronger revenue, profits and cash flow, we have delivered on all our objectives."
Through the transformation the company initiated in 2014, CEVA feels itself much stronger, he said.
"However, we still have ample opportunities to improve margins and deliver even better service to our clients - and this is what we are working on," said Mr Urbain.
In the fourth quarter, the peak season once again was challenging with tight capacity in air freight, notably on the China-US routes, said the CEVA statement accompanying the results.
Air freight volumes in 2017 were up 11.6 per cent year on year with particularly strong Q4 performance on transpacific trade lanes. CEVA also maintained solid yields with yields up 8.5 per cent versus prior year in Q4 due to pricing and procurement measures.
Ocean freight also had a good Q4 with volumes up 6.9 per cent year on year, said CEVA.
CEVA Logistics, one of the world's leading non-asset based supply-chain management companies, employs l42,000 people in 160 countries.
Fourth quarter operating profit was up 75 per cent to $71 million, drawn on revenues of $1.8 billion, up 5.7 per cent, it said.
"I am pleased to report a strong finish to a good year," said CEVA chief executive Xavier Urbain.
"Our Excellence Programme has delivered important cost savings and has supported much better profits despite market headwinds," he said.
"At the same time, revenue growth across Contract Logistics and Freight Management has been very good. With stronger revenue, profits and cash flow, we have delivered on all our objectives."
Through the transformation the company initiated in 2014, CEVA feels itself much stronger, he said.
"However, we still have ample opportunities to improve margins and deliver even better service to our clients - and this is what we are working on," said Mr Urbain.
In the fourth quarter, the peak season once again was challenging with tight capacity in air freight, notably on the China-US routes, said the CEVA statement accompanying the results.
Air freight volumes in 2017 were up 11.6 per cent year on year with particularly strong Q4 performance on transpacific trade lanes. CEVA also maintained solid yields with yields up 8.5 per cent versus prior year in Q4 due to pricing and procurement measures.
Ocean freight also had a good Q4 with volumes up 6.9 per cent year on year, said CEVA.
CEVA Logistics, one of the world's leading non-asset based supply-chain management companies, employs l42,000 people in 160 countries.