CEVA announces strong finish to 2016

CEVA Holdings LLC , one of the world’s leading non‐asset based supply chain management companies, has reported results for the full year ended 31 December, 2016. The company has announced over 4 percent growth in its revenue in Q4. On an overall basis, the company generated a revenue of $ 6.874 million at current currency rate as against $ 6,972 million in FY 2015.

CEVA_Flag_High“Despite industry-wide challenges in 2016, our full year results demonstrate that we continue to make positive headway,” said Xavier Urbain, CEO of CEVA.  According to a company release, its total  Freight Management volumes increased significantly throughout the year-  Air Freight grew 7.5% in Q4, whilst Ocean Freight were up 8.9%. Its contract logistics vertical showed good growth in the second half of 2016 resulting from a number of important business wins and volume growth on existing contracts.

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