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CIE Automotive expects to more than double its profit and reach 500 million in 2025

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CIE Automotive has celebrated its first 'Capital Markets Day' this Monday, an event that, given the current health circumstances, has been broadcast in streaming. In it, the company has presented its Strategic Plan 2025.

During its almost two hours, the event had the participation of the CEO, Jesús María Herrera, as well as 14 other executives of the group. Under the slogan 'Moving together towards our future', the company has carried out a review of current trends in the automotive sector, as well as the deployment of its operational and corporate strategy, to end with the presentation of the Group's Strategic Plan 2025.

The plan, presented by the CEO, includes commitments for the next 5 years, highlighting that of grow sales by almost 50% in the period; the one of exceed the EBITDA margin over sales of 19% in 2025; or that of invest annually 5% of sales up to 1,000 million euros in the period. All this will imply the generation of a sustainable operating cash flow of about 500 million of euros per year from 2025.

As Jesús María Herrera explained, “meeting these organic objectives will allow us to invest up to 1,500 million euros without exceeding 2 times net financial debt o EBITDA and make our dream come true of CIE Automotive becoming a company with 1 billion euros of EBITDA and 500 million of annual net income from 2025 ”.

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