CEVA Group Results at End of June 2008

by 5m Editor
11 July 2008, at 1:18pm

GLOBAL - At the end of the first semester 2008, the Ceva Group recorded a sales growth of 12.0% compared to the first semester 2007 at þ176.6 million.

On the like for like basis, constant perimeter and exchange rate, the turnover growth levels at 9.3%.

The growth is globally sustained in Europe notably in Central and Eastern Europe, particularly strong in Latin America especially in Brazil as well as in the United States.

This performance is all the more remarkable in the particularly unfavourable currencies context penalizing for the Group Ceva: besides the US dollar, the currencies such as the pound sterling, the South African rand saw their exchange rate against the Euro falling of more than 15% with regard to the previous exercise.

During the first half of the year 2008, the Group Ceva Santé Animale demonstrated its capacity to effectively integrate acquisitions recently realized as proven by the excellent results of Vetbrands in Brazil and Butler S.A in the USA.