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CIE Automotive challenges the sector with a record profit of 326 million euros in 2024

27/02/2025

Increases sales and results with a high level of cash generation that brings debt to historic lows

Bilbao, 27.2.2025 – CIE Automotive has presented today the results for the 2024 financial year, challenging with significant growth an Automotive industry weakened by uncertainties.

Sales have exceeded 3.96 billion euros, which represents a growth of 1.1%, outperforming by more than 2 basic points the decrease in global vehicle production.

In terms of operating margins, an EBITDA – gross operating profit – of 728 million has been reached, and an EBIT – net operating profit – of 538 million euros, which represents margins of 18.4% and 13.6% respectively, significantly higher than the average margins of the sector.

All of the above results in a record net profit of 326 million which, on a comparable perimeter, represents a growth of almost 5% compared to 2023.

According to Jesús María Herrera, CEO of CIE Automotive, “We continue growing above the market, improving our results, and above all, we continue with an extremely high cash generation that has brought our leverage to historic lows, which, in the current sectoral context, highlights the value of our management model and our positioning as a reference supplier in the global Automotive industry”.

And he adds: “For all these reasons and due to our expectations for the current year, we are in a position to reconfirm that the commitments of the 2025 Strategic Plan will be fulfilled.”

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null CIE Automotive se incorpora al IBEX Gender Equality Index

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CIE Automotive joins the IBEX Gender Equality Index

13/06/2022

The first index that measures the gender equality of Spanish listed companies outperforms the IBEX 35 so far this year by four percentage points

The Technical Advisory Committee has approved the inclusion of 17 new companies in the IBEX Gender Equality as of 20 June, including CIE Automotive. This brings the total number of listed companies that meet the gender diversity criteria to 45. To join the index, which was launched in November 2021, companies must have between 25% and 75% female presence on their Board of Directors and between 15% and 85% in senior management.

In keeping with its commitment to gender equality and diversity, CIE Automotive has five women (38% of the total) on its Board of Directors and four (40%) in senior management at year-end 2021.

Carmen López, Head of Indexes at BME, explains that "Since its launch, the IBEX Gender Equality has fulfilled a dual function: on the one hand, it serves as an indicator of the state of gender equality in Spanish listed companies and, on the other hand, it also acts as a driver of change, encouraging companies that are not included in the index to make progress on this essential issue for the proper development of the economy and compliance with the United Nations' Sustainable Development 5th Goal".

Out of the 45 constituents of the index, 20 are part of the IBEX 35, 12 of the IBEX Small Cap, 7 of the IBEX Medium Cap and another 6 of the IGBM. The participation of the stocks in the index is equal-weighted, so that the weight of each of them will be 2.2%.

Since its launch on November 30^th, this index has appreciated by 9.2%, more than two percentage points above the IBEX 35, and so far this year, it has outperformed the IBEX 35 by four points: 6% versus 1.48%.

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