CEVA Group Plc Reports Quarter 3, 2007 Results

Hoofddorp, Netherlands, November 29 (ots/PRNewswire) -

- First Release Following Extension of Service Offering

- CEVA Third Quarter 2007 Results

CEVA Group Plc released its Quarter 3, 2007 Interim Financial
Statements today. These statements include the following highlights:

- First presentation of results following the EGL acquisition
on 2 August 2007

- EBITDA increased to EUR86.9 million from EUR(4.3) million in Q3
2006

- Adjusted EBITDA improved to EUR93.1million from EUR57.5 million
in Q3 2006

- Cash position at the 30 September 2007 of EUR216.9 million

- Solid financing structure with medium to long term maturity
dates.

CEVA Group Plc delivered the following results:

Three months ended Sep 30 Nine months ended Sep 30
2007 2006 2007 2006
Net sales EUR1,331.3m EUR840.4m 58.4% EUR3,097.7m EUR2,587.1m 19.7%
EBITDA EUR86.9m EUR(4.3)m - EUR186.9m EUR66.9m 179.4%
% sales 6.5% (0.5)% 6.0% 2.6%
Adjusted
EBITDA(i) EUR93.1m EUR57.5m 80.9% EUR202.3m EUR151.7m 41.2%
% sales 7.0% 6.8% 6.5% 5.9%

(i)Adjustments in 2007 relate mainly to EGL merger costs and
Contract Logistics rebranding and separation costs.

(ii) The results presented include three months Contract Logistics
and two months EGL.

Our Contract Logistics and Freight Management business on a
stand-alone basis delivered the following results:

- Contract Logistics organic results excluding the impact of the
EGL acquisition:

Three months ended Sep 30 Nine months ended Sep 30
2007 2006 2007 2006
Net sales EUR833.5m EUR829.5m 0.5% EUR2,579m EUR2,553.9m 1.0%
EBITDA EUR63.3m EUR(4.9)m - EUR162.2m EUR65.7m 146.8%
% sales 7.5% (0.6)% 6.3% 2.6%
Adjusted
EBITDA(i) EUR70.0m EUR57.5m 21.7% EUR178.9m EUR150.5m 18.8%
% sales 8.3% 6.9% 6.8% 5.9%

(i) 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(i)
% sales 5.2% 5.0% 5.1% 4.6%

(i) 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
including automotive & tyres, technology, industrial, retail &
consumer goods, health care, publishing, aerospace and oil & gas. We
offer our customers increased efficiency and reduced transit times,
thanks to our ongoing focus on operations excellence and the
visibility and control that we create in supply chains. As a leading
global logistics company, we provide end-to-end design,
implementation and operation of logistics solutions in contract
logistics, freight forwarding, distribution management and
transportation management for large and medium-sized national and
multinational companies.

CEVA combines the heritage of two great companies, TNT Logistics
and EGL, which merged in August 2007. We employ more than 50,000
people and operate an extensive global network with facilities in
over 100 countries worldwide. We operate 614 warehouses around the
globe summing a combined space of approximately 8, 6 million square
meters. For fiscal year 2006, CEVA reported combined pro forma sales
of EUR 6 billion. CEVA is an Apollo portfolio company. Apollo is one
of the leading private equity investors in the world. CEVA's CEO is
John Pattullo. For more information http://www.cevalogistics.com

Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995:

The statements included in this news release, and other statements
that are not historical facts, may contain forward-looking
statements. In addition to the assumptions specifically mentioned in
the above paragraphs, there are a number of other factors that could
cause actual results and developments to differ materially from those
expressed or implied by these forward-looking statements. These
factors include, but are not limited to, the process of combining EGL
and CEVA, the actual effects of recent and future regulatory changes
and technological developments, globalization, levels of spending in
major economies, the economic climate in Asia and the US, levels of
marketing and promotional expenditure, actions of competitors and
joint venture partners, employee costs, future exchange and interest
rates, changes in tax rates, unexpected costs of integrating recently
acquired businesses and future business combination or dispositions
and other factors detailed in risk factors and elsewhere in CEVA and
EGL's most recent Annual Reports, including but not restricted to the
EGL Annual Report on Form 10-K. Further information concerning the
Company and its business, including factors that potentially could
materially affect the Company's financial results, is contained in
the Company's filings with the Securities and Exchange Commission.
Should one or more of these risks or uncertainties materialize (or
the consequences of such a development worsen), or should underlying
assumptions prove incorrect, actual outcomes may vary materially from
those forecasted or expected. EGL and CEVA disclaim any intention or
obligation to update publicly or revise such statements, whether as a
result of new information, future events or otherwise.

ots Originaltext: CEVA Group Plc
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For more information please contact: Paula Satink, Tel:
+31-23-568-3492, Paula.satink@cevalogistics.com