CIE Automotive : Best-in-class execution confirmed
>Another good quarter - On Friday during trading, CIE published solid Q2 results that beat consensus forecasts (+7% vs expected EBIT, +13% for net profit). The group posted a modest increase in revenues (+6% at constant scope) in a changing environment (decline in raw material prices), but results showed a marked improvement (+17% y-o-y) thanks to continued margin growth towards new record levels in Q2 (EBIT margin of 13.5%, clearly a best-in-class in the sector). Fol...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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