Ceva Logistics reports a 4% increase in turnover to €1.67bn (£1.36bn) in the third quarter to 30 September, with pre-tax profits falling 3% to €102m (£83m) because of one-off costs. For the nine months to 30 September, turnover rose 3% to €4.46bn (£3.64bn), while pre-tax profits fell by 5% to €263m (£214m).
Chief financial officer Stuart Young says: "We are pleased with the results because we continue to grow in difficult market
conditions." He insists that the global business-to-business logistics sector is still growing and so Ceva will concentrate on organic growth.
"We may consider some small fill-in acquisitions, but I don't see us making a sizeable acquisition at this stage."
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