March 1 - Ceva Logistics has posted a revenue of USD6.9 billion for its 2015 financial year, a 10.3 percent drop compared with USD7.7 billion in 2014.
However, the company recorded an adjusted EBITDA of USD272 million in 2015 - a 13.8 percent increase compared with 2014.
"Ceva's 2015 year-end performance is the latest in a series of strong quarters for our company," said company ceo Xavier Urbain. "We see that the execution of our new strategy, launched in 2015, is delivering tangible results despite the volatile year-end economic environment and short peak season.'
In light of market headwinds, Ceva says that its strong performance in 2015 is the result of "across-the-board" improvements and it has identified opportunities to ensure its business remains resilient.