CIE Automotive : CIE continues to thrive through thick and thin
>Strong Q1 above expectations with margins that continue to improve despite the challenging market climate - Yesterday CIE reported very solid Q1 results (EBIT margin of 13.3%, +40bp yoy) that were well above expectations (EBIT 12% above consensus, attributable net profit 20% higher) fuelled by a positive geographic mix (Brazil) and ongoing efficiency measures (India in particular). In the wake of this release, management confirmed its guidance for sales and margin gr...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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