CIE Automotive (CIE) Q4 2025 earnings summary

Executive summary

• Achieved record results in 2025 with sector-leading operating margins, strong sales growth of 10% in Q4, and 4% for the year, outperforming the market.

• Fully met all objectives of the 2021-2025 Strategic Plan, exceeding sales and profitability targets, and advanced ESG commitments.

• Net profit rose 4% in Q4 to nearly €70M; full-year net profit reached a record €335.8M.

• Robust cash generation: €86M in Q4, €500M for the year, and €506.5M operating cash flow, supporting debt reduction and shareholder returns.

• Entering the next phase with a robust financial position, low debt, and strong operating cash flow.

Financial highlights

• 2025 turnover reached €3,958.3m, nearly flat year-over-year; Q4 turnover was €984.3m.

• EBITDA grew to €746.2m (18.9% margin), with Q4 EBITDA at €182.6m (18.6% margin).

• EBIT increased to €542.9m (13.7% margin); RONA improved to 20.6%.

• Net financial debt/EBITDA reduced to 1.18x, the lowest in six years.

• Paid €125M in dividends and reduced debt by nearly €100M while closing two acquisitions.

Outlook and guidance

• Guidance targets continued single-digit outperformance of the market and maintenance of high operating margins.

• Cumulative free cash flow over €1,000m for 2026-2027, with NFD/EBITDA below 0.7x by end-2027.

• New dividend payout policy: 42% in 2026, 50% in 2027.

• CapEx expected to remain at 5% of sales, aligned with amortization.

• Focus on inorganic growth and full ESG compliance, including net-zero targets by 2050.