Monday , January 24 2022

Ceva set more ambitious goals



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The company Ceva Logistics to remain independent & # 39;, listed on the Swiss Stock Exchange after CEO Xavier Urbain assurances. Two of three existing shareholders have not sold.

Werner Enz

Currently, the company CMA CGM French vessels must share & # 39; & # 39 in third, Ceva. (Reuters)

Currently, the company CMA CGM French vessels must share & # 39; & # 39 in third, Ceva. (Reuters)

Ceva Logistics brought some news to the public on Monday, while reaffirming its commitment to continue & # 39; an independent company. Xavier Urbain, CEO & # 39; Ceva, said in & # 39; interview transformation should be accelerated. Specifically, adjusted EBITDA result of & # 39; $ 470 to $ 490 million is targeted for the year 2021. Compared with the previous requirements, this amounts to an annual improvement & # 39; $ 100 million. During the next three years, has achieved organic growth of & # 39; 5% each. The activities & # 39; load management, now being acquired by French CMA CGM main shareholder for $ 105 million, are expected to contribute to the outcome & # 39; $ 630 million in 2021.

Close cooperation, but independent

Urbain CMA CGM said it will use a common IT platform based on hubs & # 39; shared services. The Box C incubator is another tool at hand to increase efficiency. In sea freight, in the office b & # 39; back and also in the acquisition of resources, synergies should be used with CMA CGM. The cross-selling X & # 39; is likely to be even more important, to offer customers comprehensive services in logistics chains on both sides.

Currently, the company CMA CGM French vessels must share & # 39; & # 39 in third, Ceva. The public shareholders are offered to offer their securities to CHF 30 per title; f & # 39; last May, put a price of & # 39; Rev 27.50. However, some time will pass, because the public offer & # 39; purchases will begin only in & # 39; six weeks, is in & # 39; mid-January; Today, only became pre-register for this offer. From existing shareholders Ceva built up over the years, a Franklin Templeton and Research and Capital Management; Apollo sold.

Fresh off Power

Although the business relationship & # 39; Ceva to deepen CMA CGM, the French shipping company's unseen pursuing a full acquisition. It can & # 39; also have something x & # 39; share with that company and freight logistics company are after all two different types of & # 39; activities.

Anyway, Urbain brings with French Nicolas Sartini another manager on board, not least, to rid himself something. Sartini last managed the change of the company's ships company American President Lines. He made the Deputy URBAINS and Chief Operating Officer of Ceva Group. M & # 39; no doubt there is much work & # 39; Ceva do if you want to get a result of EBITDA & # 39; at least $ 470 million by 2021. The company wants to become more productive and get new customers.

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