CIE Automotive : Even more robust than it looks
>Robust Q4 results and a confident outlook - CIE published yesterday morning its FY results which, once adjusted for the deconsolidation of the forging business in Germany, came out in line with EBIT forecasts (FCF>>) and would have been well above excluding the depreciation of Russian assets (€ 19m). Although the group did not provide, as usual, quantified guidance for 2023, it expressed confidence during the conference call, forecasting continued growth in sales, re...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.
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