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CT Automotive Group Plc ( (GB:CTA) ) has shared an update.
CT Automotive Group Plc announced at its Annual General Meeting that it is on track to meet its FY25 market expectations for profitability despite ongoing disruptions in the automotive industry due to tariffs. The company is investing over $3.4 million in its Mexican facility to support its growth pipeline and has effectively managed the impact of global tariffs on its operations. Recent customer wins have increased visibility for the remainder of FY25 and into FY26, and the company continues to focus on AI, automation, and digitization to enhance its gross profit margins, positioning it for continued success.
More about CT Automotive Group Plc
CT Automotive Group Plc is a leading designer, developer, and supplier of interior components to the global automotive industry. The company specializes in bespoke automotive interior finishes and kinematic assemblies for major automotive original equipment manufacturers and Tier One suppliers. With headquarters in the UK, it operates manufacturing facilities in China, Mexico, and Türkiye, and maintains distribution and assembly lines in Europe, Asia, and the US. The company is known for its price leadership strategy, offering high-quality parts at lower costs, and serves a diverse range of customers, including major car manufacturers and electric vehicle producers.
Average Trading Volume: 96,049
Technical Sentiment Signal: Hold
Current Market Cap: £29.81M
See more insights into CTA stock on TipRanks’ Stock Analysis page.