CIE Automotive : A high achiever at a fair price
>Another solid quarter - CIE yesterday reported robust Q2 results, slightly ahead of expectations (1% on revenue, 4% on EBITDA, 8% on EPS). In addition to the topline outperformance (helped by the geographical mix), the group once again demonstrated its resilience in the quarter with a stable EBITDA margin vs Q1 (and a high one at that at 18%), despite lower volumes. The group has accordingly confirmed its full-year guidance, which is now looking cautious.§ph...CIE Automotive is the parent company of an industrial group formed by several companies that are engaged in the design, manufacture and sale of automobile component and sub-units on the world market. In addition, Co. is also engaged in the bio-fuels business which is in the initial stages of development and is made up of various companies devoted to the production and distribution of bio-fuels.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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