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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 escala 25 posiciones en el Informe Reporta 2016

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CIE Automotive climbs 25 places in the Reporta 2016 report up to the 17th position

19/11/2016

The firm earned a rating of 74.1 – an improvement of 12 points – in the seventh edition of this survey published by Deva

This year saw CIE Automotive gain its best score in the seven editions of the Reporta report. With 74.1 points, the company's annual report went up to the 17th position in the ranking, thanks to its ongoing efforts to present its stakeholders with a quality document. This effort to improve enabled the company to climb 25 places - the third-largest climb - with a 12.2-point improvement. Among companies not belonging to the Ibex-35, it is in second place. It came fifth in the raw materials, industry and construction sector.

 

The improvements noted in the last annual report were primarily in the area of transparency, specifically in matters relating to corporate governance, and the company's relations with its stakeholders and the environment. Also worth noting is the accessibility category, where CIE Automotive earned the highest possible score, thanks to the overhaul of its corporate website, proper structuring and presentation of content in the annual report and the appointment of different people responsible, who can be approached by readers of the report to find out more about the topics outlined in the document.

 

Reporta is an analysis report of the quality of the information supplied by the companies in the IGBM, the Madrid stock market general index, to their shareholders and stakeholders on the occasion of the annual general meeting of shareholders. It was set up in 2010 by Deva, the financial communication agency headed by Gonzalo Lacalle.

 

In general terms, the public information about the 113 firms in the IGBM has got worse this year in comparison with 2015. The decline in the scores for the reports assessed runs across all subgroups: the best scores are lower, all sectors and indices (IGBM, IBEX35 and ex-IBEX35) have lower average ratings and the lowest scorers drag the average down even more than in previous years.

 

However, CIE Automotive bucks this trend and stands among the top companies, climbing from 42nd to 17th place, with a score (74.1) well above the average for IGBM firms - which is 45.5 points - and exceeding the average for the IBEX 35, which is 68.2 points.

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