CIE Automotive (CIE) Q3 2025 earnings summary

Executive summary

• Achieved record results in 2025, with Q3 sales of EUR 974 million and best-ever operating margins despite significant currency headwinds and a challenging global environment.

• Maintained strong operating cash flow and reduced net financial debt to its lowest level in six years, reinforcing financial stability.

• Outperformed the global automotive market, driven by robust growth in Brazil, India, and China, and confirmed all 2025 strategic and financial commitments.

• Sustained focus on operational excellence, value creation, and disciplined management.

Financial highlights

• Turnover for the first nine months was €2,974.0m, slightly down from €3,012.5m year-over-year, with Q3 turnover at €973.9m.

• EBITDA reached €563.6m (19.0% margin), up from €559.2m (18.6%), and Q3 EBITDA was €184.4m (18.9% margin).

• EBIT was €419.1m (14.1% margin), stable year-over-year, and net income rose to €266.2m.

• Net financial debt dropped below €1,000m, with NFD/EBITDA at 1.32x, the lowest in six years.

• Operating cash flow for the first nine months was €384 million, representing 70.7% of EBITDA.

Outlook and guidance

• All 2025 commitments and guidance are confirmed, including EBITDA margin expected to exceed 19% and revenue growth targeted at 20 percentage points above market.

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

• CapEx expected to normalize at 4–5% of sales, with no major new projects planned.

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