CIE Automotive (CIE) Q4 2025 earnings summary

Executive summary

• Achieved record results in 2025, with sector-leading operating margins, strong sales growth, and consistent performance despite currency pressures and a complex global environment.

• Fully met or exceeded all objectives of the 2021–2025 Strategic Plan, validating the industrial model and execution capabilities.

• Entering the next phase with a robust financial position, low debt, strong operating cash flow, and strategic acquisitions including Aludec.

• The 2025 Non-Financial and Sustainability Reporting covers the group and subsidiaries, prepared in line with CSRD/ESRS, and assured by KPMG.

• The report details material sustainability topics, double materiality assessment, and governance, risk management, and internal controls over sustainability reporting.

Financial highlights

• 2025 turnover reached €3,958.3m, nearly flat year-over-year; Q4 sales up 10% to €984.3m.

• EBITDA rose to €746.2m (18.9% margin), up 2.5% year-over-year; Q4 EBITDA €182.6m (18.6% margin).

• Net profit for the year reached a record €335.8m, with Q4 net income at €69.5m.

• Operating cash generation reached €506.5m (70.6% of EBITDA); €86m in Q4 cash flow.

• Net financial debt reduced to €912.8m (NFD/EBITDA 1.18x), the lowest in six years.

Outlook and guidance

• Guidance for 2026–2027 targets low- to mid-single-digit turnover outperformance, maintaining 19% operating margin and 65% EBITDA conversion to free cash flow.

• Cumulative free cash flow over €1,000m for 2026–2027, with net financial debt/EBITDA below 0.7x by end-2027.

• Dividend payout to increase to 42% in 2026 and 50% in 2027, with continued focus on shareholder remuneration.

• Focus on inorganic growth, full ESG compliance, and updated ESG plan to reflect new regulatory requirements.

• Guidance does not include Aludec; with Aludec, net debt/EBITDA expected to remain below 1x.