CIE Automotive, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 20, 2021 at 05:31 pm EDT
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CIE Automotive, S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was EUR 775 million compared to EUR 791.8 million a year ago. Net income was EUR 57.9 million compared to EUR 59.5 million a year ago.
For the nine months, sales was EUR 2,456.7 million compared to EUR 2,000 million a year ago. Net income was EUR 206.1 million compared to EUR 117.8 million 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. 
