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04.07.2018 – 07:05

CEVA Logistics AG

EQS-News: CEVA renews and expands contract with technology customer


EQS Group-News: CEVA Logistics AG / Key word(s): Contract
CEVA renews and expands contract with technology customer

04.07.2018 / 07:00

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CEVA renews and expands contract with technology customerwith estimated over
$100 million revenue

Baar, Switzerland, 4 July, 2018 - CEVA Logistics, one of the world's leading
third-party logistics companies, announces that it has renewed a global freight
management contract with a major technology customer and has been awarded
important additional services in Air and Ocean freight. CEVA estimates that
existing and new business will exceed $100 million of revenue over the next
twelve months, depending on actual volumes handled. CEVA has been working with
the customer for more than 10 years and much expanded services over the
timeframe.

Commenting on the new contract, CEVA's CEO Xavier Urbain, says: "We are proud to
retain and even expand our position as the No.1 freight service provider for
this customer. This important award demonstrates the strong partnerships we have
and the quality of service we provide to our customers."


For additional information please contact:

Investors:
Pierre Benaich
SVP Investor Relations
pierre.benaich@cevalogistics.com
+41 41 547 0048

Media:
David Urbach
SVP Corporate Development
david.urbach@cevalogistics.com
+41 799 333 083

Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
Tel: +44 (0)208 941 5381

 

CEVA - Making business flow
CEVA Logistics, a global asset-light third-party logistics company, designs and
operates industry leading supply-chain solutions for large and medium-size
national and multinational companies. Its integrated network in Freight
Management and Contract Logistics spans more than 160 countries. Approximately
56,000 employees are dedicated to delivering effective solutions across a
variety of industry sectors where CEVA applies its operational expertise to
provide best-in-class services. CEVA generated revenue of $7 billion and
adjusted EBITDA of $280 million in 2017. CEVA Logistics is listed on SIX Swiss
Exchange under ticker symbol CEVA. For more information, please
visitwww.cevalogistics.com.
 

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