Ceva Holdings still being streamlined
Ceva Holdings LLC, an international logistics service provider and SCM specialist, has announced its Q2/2013 results in the middle of an intensive restructuring phase. A short while ago, the company launched a comprehensive cost-cutting programme which already involved the loss of 1,800 jobs. In the period under review, the turnover sank to USD 2.148 billion, 6.2% less than the USD 2.291 billion noted in Q2/2012. Earnings before tax, interest, depreciation and amortisation fell from USD 82 million in Q2/2012 to USD 80 million this year. However, the company succeeded in reducing its net liabilities by more than USD 1.6 billion in Q2/2013.