CIE AUTOMOTIVE: 9M'24 RESULTS (ANÁLISIS BANCO SABADELL)
3Q'24 vs. 3Q'23 ResultsSales: € 950.3 M (-1.4% vs. -3.5% BS(e) and -2.3% consensus);
EBITDA: € 177.3 M (+2.6% vs. -2.2% BS(e) and -0.4% consensus);
Net Profit: € 74.9 M (-0.4% vs. +1.2% BS(e) and -4.1% consensus);
9M'24 vs. 9M'23 Results
Sales: € 3.013 Bn (+1.3% vs. +0.6% BS(e) and +1.0% consensus);
EBITDA: € 559.2 M (+4.2% vs. +2.6% BS(e) and +3.2% consensus);
Net Profit: € 258.8 M (+2.1% vs. +2.6% BS(e) and +1.0% consensus);
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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