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CIE Automotive reaches 215 million euros net profit in 2017, with turnover above 3,700 million euros

25/02/2018

CIE Automotive has beaten its own records by achieving 3,724.5 million euros turnover in 2017, 29% more than the previous year.

Furthermore, it is important to highlight a 27% Aumotive sales growth, including a 16% organic growth accomplished in a global market that has grown a 2%. The company has performed well above the market in all geographies in which it is present. This growth has been accompanied by significant operative margin improvements: EBITDA - gross operating margin - of 530.4 million euros, 30% more than in 2016, and EBIT - net operating profit - of 376.2 million euros, 35% higher. During 2017, the net profit has been 215.4 million euros, 33% more than in 2016, what means exceeding market expectations. 

 

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