CT Automotive Group plc provided earnings guidance for the year ended 31 December 2023. Fiscal year 2023 revenue is expected to be not less than $140 million. The improvement from $124 million in fiscal year 2022 came from growth in both production revenue and revenue from tooling projects which completed in fiscal year 2023.

As previously announced, tooling revenue has been weighted towards the second half of the year, reflecting the timing of customer projects.