CIE Automotive SA
XMUN:CAD
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C
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CIE Automotive SA
XMUN:CAD
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Earnings Calls
Last Earnings Call
Results: Management said Q2 and first-half results were strong, with sales above EUR 1 billion in Q2, EBITDA above EUR 200 million, and EBIT margin above 14%.
Outperformance: CIE said it continued to outperform the market in Europe, Brazil and India, while North America and China were more challenging.
Guidance: Despite the strong first half, the company reaffirmed its full-year guidance, saying the second half should look broadly similar aside from normal seasonality.
Cash flow: Operating cash flow was strong at EUR 275 million in the first half, supporting dividends, CapEx and the Aludec acquisition without increasing leverage.
Capital allocation: Management said M&A remains a priority, with several opportunities under due diligence, while share buybacks and asset sales are not the current focus.