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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 resumes a large part of its production and obtains important benefits

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CIE Automotive resumes a large part of its production and obtains important benefits

23/07/2020

The company generates 64 million euros of operating cash in the semester

CIE AUTOMOTIVE RESUMES A LARGE PART OF ITS PRODUCTION AND OBTAINS IMPORTANT BENEFITS

Despite the complex situation of the world economy due to the Covid19 pandemic, CIE Automotive has once again demonstrated the strength and resilience of its business model, which has allowed the company to close this first half of 2020 with all the lines of the P&L in positive figures.
Thus, CIE has reported that in the first semester its turnover reached 1,208.2 million euros, with an EBITDA of 153.5 million euros and a net result of 58.3 million.
The company has highlighted that it has suffered two critical months in April and May due to the general stoppage of productive activity caused by the confinements, but that it has already recovered production levels of 60% in June, the month in which CIE has resumed benefit and cash generation.
According to Jesús María Herrera, CEO of CIE Automotive, “we have generated positive EBITDA in the second quarter with a market that has fallen by 60% and we have achieved an EBITDA margin of 13% in the first six months with a market that has fallen 40% so far this year. And we must insist on the merit of this level of profitability, common in many suppliers in the sector in a normal situation, but not in an exceptional situation of falling volumes such as the current one”.
For Herrera, the worst is over and the company is in a very favourable competitive position to benefit from this crisis, reinforcing its strategy as an integrating company that will continue to grow and increase its market share.
Finally, he adds, “if the current market forecasts for the rest of the year are met, the Group's second half will be better than the first in sales and margins, in addition to the fact that we will continue deleveraging the balance sheet and compensating the shareholder”.

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