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CEVA Holdings releases results

CEVA2

CEVA’s significant increase in profitability in the Second Quarter illustrates benefits derived from execution of the Company’s business line strategy implemented 1 January, 2015. The Company turned in a solid Second Quarter performance in the face of several industry headwinds and significant exchange rate fluctuations.

Second Quarter revenue of $1,776m was up 0.3 per cent year-over-year in constant currency driven by volume growth, partially offset by freight rates and fuel prices. Adjusted EBITDA was up 25 per cent year-over-year, and up 31.7 per cent in constant currency.

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