CEVA Group Plc Reports Quarter 3, 2007 Results

    First Release Following Extension of Service Offering

    CEVA Third Quarter 2007 Results

    HOOFDDORP, The Netherlands, Nov. 29 /CNW/ - CEVA Group Plc released its
Quarter 3, 2007 Interim Financial Statements today. These statements include
the following highlights:

    -   First presentation of results following the EGL acquisition on
        2 August 2007

    -   EBITDA increased to EUR86.9 million from EUR(4.3) million in Q3 2006

    -   Adjusted EBITDA improved to EUR93.1million from EUR57.5 million in Q3

    -   Cash position at the 30 September 2007 of EUR216.9 million

    -   Solid financing structure with medium to long term maturity dates.

    CEVA Group Plc delivered the following results:

                Three months ended Sep 30       Nine months ended Sep 30
                      2007     2006                 2007        2006

    Net sales  EUR1,331.3m EUR840.4m  58.4%  EUR3,097.7m EUR2,587.1m   19.7%
      EBITDA      EUR86.9m  EUR(4.3)m    -     EUR186.9m    EUR66.9m  179.4%
      % sales         6.5%     (0.5)%               6.0%        2.6%
     EBITDA(*)    EUR93.1m  EUR57.5m  80.9%    EUR202.3m   EUR151.7m   41.2%
      % sales         7.0%      6.8%                6.5%        5.9%

    (*)  Adjustments in 2007 relate mainly to EGL merger costs and Contract
         Logistics rebranding and separation costs.
    (xx) The results presented include three months Contract Logistics and
         two months EGL.

    Our Contract Logistics and Freight Management business on a stand-alone
basis delivered the following results:

    - Contract Logistics organic results excluding the impact of the EGL

                Three months ended Sep 30       Nine months ended Sep 30
                      2007     2006                 2007        2006

    Net sales    EUR833.5m EUR829.5m   0.5%    EUR2,579m EUR2,553.9m    1.0%
      EBITDA      EUR63.3m  EUR(4.9)m    -     EUR162.2m    EUR65.7m  146.8%
      % sales         7.5%     (0.6)%               6.3%        2.6%
     EBITDA(*)    EUR70.0m  EUR57.5m  21.7%    EUR178.9m   EUR150.5m   18.8%
      % sales         8.3%      6.9%                6.8%        5.9%

    (*)  Adjustments primarily relate to costs incurred following the
         separation from previous parent.

    - EGL performance on a stand-alone basis:

                Three months ended Sep 30       Nine months ended Sep 30
                      2007     2006                 2007        2006

    Revenue      EUR735.0m EUR646.1m  13.8%  EUR1,962.9m EUR1,871.3m    4.9%
      EBITDA       EUR6.5   EUR28.7m (77.4)%    EUR36.6m    EUR77.1m (52.5)%
      % sales         0.9%      4.4%                1.9%        4.1%
     EBITDA(*)    EUR38.3m  EUR32.0m  19.7%    EUR100.1m    EUR86.0m   16.4%
      % sales         5.2%      5.0%                5.1%        4.6%

    (*)  Adjustments primarily relate to advisor fees and pre-acquisition
         deal costs incurred by EGL prior to 2 August 2007.

    CEO John Pattullo commented: "It is exciting to show the financial
performance of the full CEVA Group Plc for the first time. The fact that we
are one of the major players in the global supply chain is now reflected in
our results. We are in the process of establishing a unified approach to the
market and can now focus on delivering value to all stakeholders. I am very
pleased to see that the integration process has not distracted attention and
that despite making significant changes in the company we have continued to
move forward strongly. Revenue is showing momentum, our profitability
continues to improve and our focus on cash is strong."

    CEVA. Making Business Flow

    CEVA Logistics supply chain management is recognised by its customers for
making their business flow through our commitment to their success. CEVA
focuses on a diverse range of market sectors including automotive & tyres,
technology, industrial, retail & consumer goods, health care, publishing,
aerospace and oil & gas. We offer our customers increased efficiency and
reduced transit times, thanks to our ongoing focus on operations excellence
and the visibility and control that we create in supply chains. As a leading
global logistics company, we provide end-to-end design, implementation and
operation of logistics solutions in contract logistics, freight forwarding,
distribution management and transportation management for large and
medium-sized national and multinational companies.
    CEVA combines the heritage of two great companies, TNT Logistics and EGL,
which merged in August 2007. We employ more than 50,000 people and operate an
extensive global network with facilities in over 100 countries worldwide. We
operate 614 warehouses around the globe summing a combined space of
approximately 8, 6 million square meters. For fiscal year 2006, CEVA reported
combined pro forma sales of EUR 6 billion. CEVA is an Apollo portfolio
company. Apollo is one of the leading private equity investors in the world.
CEVA's CEO is John Pattullo. For more information http://www.cevalogistics.com

    of 1995:

    The statements included in this news release, and other statements that
are not historical facts, may contain forward-looking statements. In addition
to the assumptions specifically mentioned in the above paragraphs, there are a
number of other factors that could cause actual results and developments to
differ materially from those expressed or implied by these forward-looking
statements. These factors include, but are not limited to, the process of
combining EGL and CEVA, the actual effects of recent and future regulatory
changes and technological developments, globalization, levels of spending in
major economies, the economic climate in Asia and the US, levels of marketing
and promotional expenditure, actions of competitors and joint venture
partners, employee costs, future exchange and interest rates, changes in tax
rates, unexpected costs of integrating recently acquired businesses and future
business combination or dispositions and other factors detailed in risk
factors and elsewhere in CEVA and EGL's most recent Annual Reports, including
but not restricted to the EGL Annual Report on Form 10-K. Further information
concerning the Company and its business, including factors that potentially
could materially affect the Company's financial results, is contained in the
Company's filings with the Securities and Exchange Commission. Should one or
more of these risks or uncertainties materialize (or the consequences of such
a development worsen), or should underlying assumptions prove incorrect,
actual outcomes may vary materially from those forecasted or expected. EGL and
CEVA disclaim any intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events or

For further information:

For further information: Paula Satink, Tel: +31-23-568-3492,

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