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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  CIE Automotive, S.A.    CIE   ES0105630315

CIE AUTOMOTIVE, S.A.

(CIE)
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CIE Automotive : already recovers a large part of its production and obtains important benefits; The company generates 64 million euros of operating cash in the semester

07/24/2020 | 11:20am EST

Bilbao- Despite the complex situation of the world economy due to the Covid19 pandemic, CIE Automotive has once again demonstrated the strength and resilience of its business model, which has allowed it to close this first half of 2020 with all the lines of the income statement in positive.

Thus, CIE has reported that in the first half of the year its turnover reached 1,208.2 million euros, with an EBITDA of 153.5 million euros and a net result of 58.3 million.

The company has highlighted that it has suffered two critical months in April and May due to the general stoppage of productive activity due to the confinements, but that it has already recovered production levels of 60% in June, the month in which it has returned to the benefit already cash generation.

According to Jesus Maria Herrera, CEO of CIE Automotive, 'We generated positive EBITDA in the second quarter with a market that has fallen by 60% and we have achieved an EBITDA margin of 13% in the first six months with a market that has fallen 40% so far this year. And we must insist on the merit of this level of profitability, common in many suppliers in the sector in a normal situation but not in an exceptional situation of falling volumes such as the current one '.

For Herrera, the worst is over and the company is in a very favorable competitive position to benefit from this crisis, reinforcing its strategy as an integrating company that will continue to grow and increase market share.

Finally, he adds, 'If the current market forecasts for the rest of the year are met, the Group's second half will be better than the first in sales and margins, in addition to continuing with the deleveraging of the balance sheet and with compensation to the shareholder '.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 2 762 M 3 345 M 3 345 M
Net income 2020 151 M 183 M 183 M
Net Debt 2020 1 705 M 2 066 M 2 066 M
P/E ratio 2020 15,6x
Yield 2020 3,29%
Capitalization 2 602 M 3 143 M 3 151 M
EV / Sales 2020 1,56x
EV / Sales 2021 1,30x
Nbr of Employees 24 733
Free-Float 36,2%
Chart CIE AUTOMOTIVE, S.A.
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CIE Automotive, S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends CIE AUTOMOTIVE, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 20,91 €
Last Close Price 20,82 €
Spread / Highest target 17,2%
Spread / Average Target 0,43%
Spread / Lowest Target -18,3%
EPS Revisions
Managers
NameTitle
Jesus María Herrera Barandíarán Chief Executive Officer & Executive Director
Irache Pardo Villanueva Director-Finance, Treasury & Purchasing
José Manuel Esmoris Esmoris Director-Research & Development
Goizalde Egaña Garitagoitia Vice Chairman
Fermín del Río Sanz de Acedo Executive Director
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