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CEVA Group Plc reports Q3, 2007 results

29 November 2007

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 €86.9 million from €(4.3) million in Q3 2006
Adjusted EBITDA improved to €93.1million from €57.5 million in Q3 2006
Cash position at the 30 September 2007 of €216.9 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	€1,331.3m	€840.4m	58.4%	€3,097.7m	€2,587.1m	19.7%
EBITDA	€86.9m	€(4.3)m		€186.9m	€66.9m	179.4%
% sales	6.5%	(0.5)%		6.0%	2.6%
Adjusted EBITDA^*	€93.1m	€57.5m	80.9%	€202.3m	€151.7m	41.2%
% sales	7.0%	6.8%		6.5%	5.9%

*Adjustments in 2007 relate mainly to EGL merger costs and Contract Logistics rebranding and separation costs.

** 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	€833.5m	€829.5m	0.5%	€2,579m	€2,553.9m	1.0%
EBITDA	€63.3m	€(4.9)m		€162.2m	€6.7m	146.8%
% sales	7.5%	(0.6)%		6.3%	2.6%
Adjusted EBITDA^*	€70.0m	€57.5m	21.7%	€178.9m	€150.5m	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
Net sales	€735.0m	€646.1m	13.8%	€1,962.9m	€1,871.3m	4.9%
EBITDA	€6.5m	€28.7m		€36.6m	€77.1m	(52.5)%
% sales	0.9%	4.4%		1.9%	4.1%
Adjusted EBITDA^*	€38.3m	€32.0m	19.7%	€100.1m	€86.0m	16.4%
% 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".

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

CEVA Making Business Flow
CEVA Logistics is a leading global supply chain management company. We provide end-to-end design, implementation and operational solutions in contract logistics and freight management to large and medium-sized national and multinational companies. CEVA employs circa 50,000 people and runs an extensive global network with facilities in over 100 countries. For the year ending 31 December 2008, the Group reported revenues of €6.3bn. For more information, please visit 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.

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CEVA Group Plc reports Q3, 2007 results

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