CIE Automotive (CIE) Q4 2024 earnings summary

Executive summary

• Achieved record 2024 results with sales of €3,960.6M, net profit of €325.7M, and EBITDA margin of 18.4%, outperforming the global automotive market despite macroeconomic headwinds.

• All geographies contributed to improved operational margins, with resilience and outperformance versus the sector.

• Maintained strong liquidity of €1,790.9M, strict cash management, and reduced net financial debt to €1,005.1M.

• SBTi-validated climate targets and commitment to net-zero emissions by 2050, with all 2024 ESG targets achieved.

Financial highlights

• Revenue: €3,960.6M (+0.03% YoY); EBITDA: €727.9M (18.4% margin, +2.1% YoY); EBIT: €538.4M (13.6% margin, +2.0% YoY); net profit: €325.7M (+1.7% YoY).

• Operating cash flow: €464M–€536.8M, converting 66–67% of EBITDA.

• Dividend payout: €107.8M, maintaining policy of distributing one-third of profits.

• Net financial debt: €1,005.1M (down from €1,134.7M); net debt/EBITDA at 1.34x.

Outlook and guidance

• 2025 guidance targets continued market share gains, EBITDA margin above 19%, and €500M+ operating cash flow.

• Strategic focus on electrification, eco-efficiency, digitalization, and ESG progress.

• Consensus for 2025: €4.1B sales, €780M EBITDA, €585M EBIT, €365M net profit, and €791M debt.