CIE Automotive (CIE) Q3 2025 earnings summary

Executive summary

• Achieved Q3 sales of EUR 974 million, up 2.5% year-over-year, and record results for September 2025 with exceptional operating margins despite negative currency impacts.

• EBITDA reached EUR 184 million (18.9% margin) in Q3 and increased to €563.6m (19.0% margin) for September 2025.

• Outperformed the global automotive market, growing over 7% at constant exchange rates versus 3% market growth, and global sales outperformed the market by 0.9 percentage points.

• Maintained balanced profitability globally and robust value creation through operating cash flow.

• Confirmed strategic plan targets and all 2025 commitments, supported by balanced geographic performance.

Financial highlights

• EBITDA grew 4% year-over-year in Q3; would have exceeded EUR 200 million without currency headwinds.

• Turnover for September 2025 was €2,974.0m, down from €3,012.5m in September 2024.

• Net income rose to €266.2m from €258.8m year-over-year.

• Net financial debt dropped below €1,000m, reaching its lowest level in six years.

• Operating cash flow for the first nine months was EUR 384 million, with a 71% EBITDA conversion rate.

Outlook and guidance

• All 2025 commitments are confirmed, with strong progress on operational and financial goals.

• Guidance for 19% EBITDA margin in Q4 is reaffirmed; deviation would require unforeseen negative events.

• Revenue growth targeted at 20 percentage points above market growth over five years.

• Sustained operating cash flow generation, aiming for €500m annually starting in 2025.

• Extraordinary dividends possible if no significant M&A occurs, given strong cash generation and low debt.