Bilbao - ICN Automotive today presented the results of the 2024 financial year, challenging with significant growths to an Automotive industry beset by uncertainties.

Sales have exceeded 3,960 million euros, representing an increase of 1.1% that exceeds by more than 2 points the decrease in global vehicle production.

In terms of operating margins, an EBITDA has been reached and gross operating result of EUR 728 million, and an EBIT net operating result of EUR 538 million, representing a margin of 18.4% and 13.6% respectively, significantly higher than the average margin of the sector.

All of the above results in a record net profit of 326 million which, on a comparable perimeter, represents a growth of almost 5% compared to 2023.

According to Jesus Maria Herrera, CEO of CIE Automotive, We continue to grow above the market, we continue to improve our results, and above all, we continue with a very high generation of cash that has led our leverage to historical minimums, which in the current sectoral context, puts in value our management model and our positioning as a reference provider in the global Automotive.

And he adds: 'For all this and our expectations for this year, we are in a position to reconfirm that the commitments of the Strategic Plan 2025 will be fulfilled.

(C) 2025 Electronic News Publishing, source ENP Newswire