Cie Automotive has closed its first quarter of the year with “the best result in its history, despite a complex geopolitical, economic and sectoral environment,” as Jesús María Herrera, CEO of the Company, announced the company’s CEO, before the General Meeting of Shareholders gathered yesterday in Bilbao. The billing amounted to 1,013 million euros, with a 7% growth of Ebitda to 192 million and an EBIT of 146 million, 9% more than in the same period of the previous year.
In addition, the company obtained a benefit of 94 million euros, with a generation of operating cash of 126.1 million euros, which implies 68% of Ebitda conversion ratio in the operational box. “With a robust operating box and a minimum debt, we continue to strengthen our financial position to confront with confidence the next challenges,” said Herrera, who, despite the complex world geopolitical situation and US tariff policy, trusts the ability of CIE Automotive to face the new challenges that arise in front.
On the other hand, the company’s coach expects to be 10%, the established limit, by law after last March 20, CIE Automotive made an offer on 9.675% of its share capital for an amount of 278.9 million euros, at a price of 24 euros per share. An operation that was admitted for processing by the CNMV and hopes to receive approval next week.
New plant in Mexico
One of Ciem Automotive milestones is its new production center in Mexico, which has meant an investment of 100 million euros. The Basque company has already obtained the necessary permits to initiate its activity in this new plant, the company’s fourteenth in this country. Its production there focuses on the manufacture of components for customers of the Aztec territory, so they expect that the conditions derived from the Trump tariff policy are “practically null”. Mexico is consolidated as well as a high profitability market and is in front of the US, where the company has five factories.
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