trending Market Intelligence /marketintelligence/en/news-insights/trending/Q_OP-ftBBD8257vEz4AT7A2 content esgSubNav
In This List

CIE Automotive Q3 profit climbs 23.1% YOY

Podcast

Street Talk Episode 78: The case to build deposits in a market flush with cash

Podcast

Street Talk Episode 79: More attractive premiums for bank M&A targets coming

Blog

Investment Banking Essentials Newsletter: June Edition, Part - 2

Blog

Banking Essentials Newsletter: June Edition, Part - 2


CIE Automotive Q3 profit climbs 23.1% YOY

CIE Automotive S.A. said its third-quarter normalized net income amounted to 22 euro cents per share, a gain of 22.6% from 18 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €28.6 million, an increase of 23.1% from €23.3 million in the year-earlier period.

The normalized profit margin climbed to 4.0% from 3.7% in the year-earlier period.

Total revenue increased 14.2% year over year to €720.8 million from €630.9 million, and total operating expenses increased 14.0% on an annual basis to €649.5 million from €569.5 million.

Reported net income increased 38.7% on an annual basis to €40.5 million, or 31 cents per share, from €29.2 million, or 23 cents per share.