Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  CEVA Logistics AG    CEVA   CH0413237394

CEVA LOGISTICS AG (CEVA)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

CEVA Logistics AG: CEVA Logistics' credit rating upgraded by Moody's by four notches to B1

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/17/2018 | 07:05am CEST

EQS Group-Ad-hoc: CEVA Logistics AG / Key word(s): Rating
CEVA Logistics AG: CEVA Logistics' credit rating upgraded by Moody's by four notches to B1

17-May-2018 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


 

CEVA Logistics' credit rating upgraded by Moody's by four notches to B1

Baar, Switzerland, 16 May 2018 -- CEVA Logistics AG ("CEVA") announces that Moody's Investors Service ("Moody's") has today upgraded the Group's Corporate Family Rating to B1 following the successful IPO on SIX Swiss Exchange on 4 May 2018. The upgrade by four notches reflects the improved financial position and free cash flow generation as a result of the IPO as well as the ongoing improvements in operating performance. Moody's has also upgraded the instrument ratings on the existing debt facilities.

As previously announced, CEVA has started the repayment of some of its indebtedness and plans to replace the majority of its remaining debt facilities through a comprehensive refinancing in coming months.

-ENDS-

For more information, please contact:

Investors:
Pierre Benaich
SVP Investor Relations
[email protected]
+41 41 547 0048

Media:
David Urbach
SVP Corporate Development
[email protected]
+41 799 333 083

CEVA - Making business flow
CEVA Logistics, a leading global asset-light supply chain management company, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 56,000 employees in more than 160 countries are dedicated to delivering effective and robust supply-chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com.

 



End of ad hoc announcement

686931  17-May-2018 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=686931&application_name=news&site_id=zonebourse

© EQS 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CEVA LOGISTICS AG
07/17CEVA LOGISTICS : expects conversion of CMA CGM's securities within next 4 weeks
EQ
07/14CEVA LOGISTICS AG / KEY WORD(S) : Miscellaneous
AQ
07/14CEVA LOGISTICS : Commences Refinancing
AQ
07/14CEVA LOGISTICS : Announces Commencement of CEVA Group Plc Cash Tender Offer Conc..
AQ
07/11CEVA LOGISTICS AG : CMA CGM receives regulatory approvals for its investment in ..
EQ
07/09CEVA LOGISTICS : Renews and Expands Contract With Technology Customer
AQ
07/09CEVA LOGISTICS : Commences Refinancing
EQ
07/09CEVA LOGISTICS : Announces Commencement of CEVA Group Plc Cash Tender Offer Conc..
EQ
07/04CEVA LOGISTICS : renews and expands contract with technology customer
EQ
07/02CEVA LOGISTICS : Car Carrying Specialists to the Rescue....
AQ
More news
Financials ( CHF)
Sales 2018 7 326 M
EBIT 2018 128 M
Net income 2018 -97,2 M
Debt 2018 1 097 M
Yield 2018 1,31%
P/E ratio 2018 -
P/E ratio 2019 12,95
EV / Sales 2018 0,27x
EV / Sales 2019 0,26x
Capitalization 901 M
Chart CEVA LOGISTICS AG
Duration : Period :
CEVA Logistics AG Technical Analysis Chart | CEVA | CH0413237394 | 4-Traders
Technical analysis trends CEVA LOGISTICS AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 30,6  CHF
Spread / Average Target 40%
EPS Revisions
Managers
NameTitle
Xavier Urbain Chief Executive Officer
Rolf Watter Chairman
Brett Bissell Chief Operating Officer-Contract Logistics
Jérôme Lorrain Chief Operating Officer-Freight Management
Peter Waller Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
CEVA LOGISTICS AG0.00%899
KUEHNE UND NAGEL INTERNATIONAL AG-10.26%18 323
NIPPON EXPRESS CO LTD-1.18%6 514
HYUNDAI GLOVIS CO LTD--.--%4 294
BEST INC (ADR)18.15%3 929
MACQUARIE INFRASTRUCTURE CORP-30.53%3 804