CIE Automotive : An all-weather player to play the rebound or to protect against a slowdown
>A good Q2, in line, but which should nonetheless lead to upgrades - Yesterday during trading, CIE published solid results which were in line with forecasts. The group reported annual and sequential earnings growth reaching new record levels despite the different pressures encountered over the quarter (supply issues, inflation, significant exposure to China). Despite this in-line Q2 and the absence of guidance for 2022, we have revised up our 2022-2024 EBIT forecasts ...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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