CIE Automotive, S.A. Reports Earnings Results for the Half Year Ended June 30, 2023
July 21, 2023 at 08:08 am EDT
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CIE Automotive, S.A. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was EUR 2,011.12 million compared to EUR 1,861.17 million a year ago. Revenue was EUR 2,105.52 million compared to EUR 1,972.06 million a year ago.
Net income was EUR 178.28 million compared to EUR 160.27 million a year ago. Basic earnings per share was EUR 1.49 compared to EUR 1.322 a year ago. Diluted earnings per share was EUR 1.49 compared to EUR 1.322 a year ago.
CIE Automotive SA is a Spain-based company engaged, through its subsidiaries, in the production of biofuels, as well as in the supply of components and subassemblies for the automotive industry. The Company is also involved in the Information Technology (IT) sector, with the provision of technological solutions for the healthcare, education, sustainability, transport and communications sectors. The Company is a parent of Grupo CIE Automotive, a group which comprises a number of controlled entities with operations established in Spain, Portugal, France, Lithuania, Morocco, Czech Republic, Romania, Brazil, Argentina, China, Russia, Guatemala and Mexico, among others. The Company has such subsidiaries as Global Dominion Access SA, CIE Inversiones e Inmuebles Sociedad Limitada and CIE Berriz Sociedad Limitada, among others. In February 2014, the Company acquired a 50% stake in RS Automotive NV owned by VEP Fund I Holding Cooperatief WA.
CIE AUTOMOTIVE, S.A. 
