CIE Automotive Sees About 50% Sales Increase In The Next Five Years

T-Reuters

2021-06-28

CIE Automotive SA :Presents 2025 Strategic Plan With 50% Sales Increase In The Next 5 Years.Says Will Generate A Sustainable Operating Cash Flow Of Around 500 Million Euros Per Year From 2025 Onwards.Under 2025 Plan Aims To Exceed Ebitda Margin Of 19% Of Sales By 2025.Says Co Will Have A 1 Billion Euros (Not 11 Billion Euros) Ebitda And 500 Million Euros Per Year Net Profit From 2025 Onwards.

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