CIE Automotive Full Year 2024 Earnings: EPS Misses Expectations

CIE Automotive (BME:CIE) Full Year 2024 Results

Key Financial Results

• Revenue: €4.09b (up 3.2% from FY 2023).
• Net income: €324.6m (up 5.8% from FY 2023).
• Profit margin: 7.9% (up from 7.7% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: €2.71 (up from €2.56 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CIE Automotive EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Auto Components industry in Europe.

Performance of the market in Spain.

The company's shares are down 5.6% from a week ago.

Valuation

CIE Automotive's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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