Ceva has posted its latest financial results covering the third quarter of 2015, revealing a 27 per cent increase in earnings before interest, taxes, depreciation and amortisation (EBITDA). 

EBITDA currently stands at €80 million (£56 million) for the firm - and this growth comes in spite of the fact that revenue was down 13.1 per cent year-on-year to €1.7 billion. 

For contract logistics in particular, adjusted EBITDA margins were 6.2 per cent in Q3, which is a five per cent increase on the corresponding figure recorded for the previous quarter. 

Chief executive officer of Ceva Xavier Urbain welcomed the latest data, claiming it stands as testament to the success of his company's new operating model. 

"Despite overall industry headwinds, our performance in the third quarter was robust and we continue to defend our position in a generally soft market," he commented, adding that a focus on process and product improvement is continuing to pay off.