CIE Automotive : Solid Q4 2023 results
>Solid Q4 2023 results slightly above expectations - CIE Automotive reported Q4 results which came in a touch above consensus expectations on some items (+6% vs css EBIT) and in line with our forecasts. Q4 revenues came in at € 985m, flat y-o-y, up 2% q-o-q, in line with expectations (company-compiled css € 971m, ODDO BHF € 987m). EBITDA totalled € 177m, +21% y-o-y, with a margin of 17.9% (+300bp y-o-y), also in line (css € 171m, ODDO BHF € 176m). EBIT came above...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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