The company has had a turnover of 2,879 million euros in 2016, 9% higher than last year, and the EBITDA -gross operating margin – has reached 407.5 million euros, 11% more than in 2015, while the EBIT - net operating profit – has reached 279.3 million, 14% higher.
According to Jesús María Herrera, CEO of CIE Automotive: “In this context of significant improvements, the company has announced the advanced compliance of the 2016-2020 Strategic Plan, expecting to duplicate the Net Profit of 2015 one year before than initially planned. This implies reaching a Net Profit of 260 million euros in 2019”.
In words of Antón Pradera, President of CIE Automotive: “Once again, the growth of the company is above market growth, what proves our high global competitiveness. The evolution of our results year to year demonstrates, as well, the strength of our business model”.
The year 2016 has been especially active for CIE Automotive Group, with the stock market debut of Dominion, the publication of an ambitious Strategic Plan until 2020 and a boost to growth that includes up to 6 new integrations both in the Automotive unit and Dominion.
For more information, please contact Gonzalo Garrido (mobile +34 606.988.826)