CIE Automotive Maintains Growth Amid Industry Challenges

CIE Automotive (ES:CIE) has released an update.

CIE Automotive has reported a robust financial performance in the first half of 2024, with a turnover of 2,062 million euros, marking a 2.5% increase from the previous year, and net profits rising by 3.1% to 184 million euros. The results showcase the company’s resilience and its effective business model, which emphasizes diversification and strong cash generation, allowing it to maintain solid growth and operational success. CEO Jesús María Herrera affirms the company’s commitment to its 2025 goals, confident in the company’s ability to tackle future challenges in the automotive sector.

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