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CEVA Group Plc Reports Quarter 3, 2007 Results
Date:11/29/2007

EUR(4.9)m - EUR162.2m EUR65.7m 146.8%

% sales 7.5% (0.6)% 6.3% 2.6%

Adjusted EBITDA* EUR70.0m EUR57.5m 21.7% EUR178.9m EUR150.5m 18.8%

% sales 8.3% 6.9% 6.8% 5.9%

* Adjustments primarily relate to costs incurred following the separation from previous parent.
- EGL performance on a stand-alone basis:

Three months ended Sep 30 Nine months ended Sep 30

2007 2006 2007 2006

Revenue EUR735.0m EUR646.1m 13.8% EUR1,962.9m EUR1,871.3m 4.9%

EBITDA EUR6.5 EUR28.7m (77.4)% EUR36.6m EUR77.1m (52.5)%

% sales 0.9% 4.4% 1.9% 4.1%

Adjusted EUR38.3m EUR32.0m 19.7% EUR100.1m EUR86.0m 16.4%

EBITDA*

% sales 5.2% 5.0% 5.1% 4.6%

* Adjustments primarily relate to advisor fees and pre-acquisition deal costs incurred by EGL prior to 2 August 2007.

CEO John Pattullo commented: "It is exciting to show the financial performance of the full CEVA Group Plc for the first time. The fact that we are one of the major players in the global supply chain is now reflected in our results. We are in the process of establishing a unified approach to the market and can now focus on delivering value to all stakeholders. I am very pleased to see that the integration process has not distracted attention and that despite making significant changes in the company we have continued to move forward strongly. Revenue is showing momentum, our profitability continues to improve and our focus on cash is strong."

CEVA. Making Business Flow

CEVA Logistics supply chain management is recognised by its customers for making their business flow through our commitment to their success. CEVA focuses on a diverse range of market sectors includin
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SOURCE CEVA Group Plc
Copyright©2007 PR Newswire.
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