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CIE Automotive ( (ES:CIE) ) has shared an announcement.
CIE Automotive has reported its best-ever first-quarter results, achieving a turnover of 1,013 million euros and a net profit of 94 million euros. Despite challenging geopolitical and economic conditions, the company has demonstrated strong profitability and financial stability, with a 68% conversion rate of EBITDA into operating cash. The CEO emphasized the company’s robust financial position and ability to generate value consistently, positioning it well to tackle future challenges.
More about CIE Automotive
CIE Automotive operates in the automotive industry, focusing on manufacturing automotive components and providing related services. The company is known for its efficient management and strong market presence across various geographies.
Average Trading Volume: 86,843
Technical Sentiment Signal: Sell
Current Market Cap: €2.75B
For a thorough assessment of CIE stock, go to TipRanks’ Stock Analysis page.