CIE Automotive turnover reaches 1.76 billion euros for 2013, up 7% on 2012. For the same period, it has a gross operating profit – EBITDA – of 240.1 million euros (up 7.2%) and a net profit of 60.1 million euros, which is up 6% on 2012 with a constantly changing exchange rate.
These results are due to the good situation of the Group’s margins in all of its plants and markets, leading to increased competitiveness, which allows it to face future development from a solid position.
According to Mr. Antón Pradera, the Group’s CEO: “we reassert our commitment to obtaining turnover of 3 billion euros by 2017, gaining a significant share in the Asian market and foreseeing that the foundations for the fulfillment of this commitment will have been laid by 2015”.
To do so, CIE Automotive is in a privileged position with clear strategic diversification of clients/markets/products at a global level and is firmly committed to the emerging markets.
In this respect, a global alliance agreement for automotive parts was signed last June with the Mahindra Group (India). The agreement represents growth of a further 580 million euros for CIE over the forthcoming financial years.
