CIE Automotive Posts Record Revenue of €3.141 Billion in Nine Months

Key Facts

CIE Automotive announced on October 28 its results for the first nine months of 2026, reporting record revenue of €3.141 billion, according to the company’s statement. The Spanish group said its growth exceeded market growth by 8 percentage points during the period. EBITDA, or earnings before interest, taxes, depreciation and amortization, reached €596 million, equivalent to 19% of sales. EBIT was about €445 million, with a 14.3% margin, and net profit rose to €275 million. The figures show the company continued to deliver growth and profitability during a period of varied conditions across the markets in which it operates.

Compared with the first nine months of 2025, revenue rose from €2.974 billion to €3.141 billion. EBITDA increased from €564 million to €596 million, while its margin in the year-earlier period was above 19%, compared with 19% in 2026. Net profit rose from €266 million to €275 million. In the first half of 2026, the company reported revenue of €2.1038 billion and EBITDA of €401.1 million, with a 19.1% margin, as well as record net profit of €191.3 million. This indicates the reported EBITDA margin for the nine months remained close to the first-half level.

In third-quarter details reported by Investing.com in a report published on October 29, sales were €1.037 billion and EBITDA was about €195 million, with a 19% margin, while net profit reached €83 million. The quarterly figures put the EBITDA margin at the same level recorded for the period since the start of the year, although the comparison bases differ between one quarter and nine months. The official disclosure issued on October 28 presented the nine-month results, not standalone quarterly margin figures. The report attributed to management a reaffirmation of its 2026 guidance, with confidence in its sales and operating-margin targets. Management said EBITDA margin was on plan and cash generation was ahead of expectations.

Chief Executive Jesus Maria Herrera said the results "confirm CIE's ability to combine growth and profitability, while maintaining margins at exceptional levels in a challenging market environment." Herrera linked the performance to the company's ability to generate high and recurring operating cash, enabling it to fund organic investment plans and growth through acquisitions. He added that this supported the continuation of its shareholder-reward policy while keeping debt stable and disciplined. In its first-half results, the company said it had generated more than €275 million in operating cash and used that capacity to support growth investments and increase shareholder rewards, while keeping debt stable and disciplined. Management's focus on cash and financing provides context for using operating earnings to expand the business and fund shareholder distributions.

Despite the group's growth, China remained a pressure point in its regional performance. Investing.com reported that CIE's sales in China had fallen 11% since the start of 2026, amid continuing price-war pressure and weak consumer demand in the domestic market. That decline contrasts with the company's overall growth exceeding the market by 8 percentage points during the nine months, according to its statement. In 2025, the company reported annual revenue of €3.96 billion, EBITDA of €746.2 million with an 18.9% margin, and net profit of €335.8 million. Cash flow from operations that year was also €506.5 million, equivalent to 70.6% of EBITDA, while adjusted net financial debt stood at €899.2 million.

CIE's investor-relations calendar had set October 28, 2026, as the date for publication of its third-quarter results, and the company issued its nine-month results statement on that date. The following day, Investing.com reported details from the call, quarterly figures and management guidance. The 2026 guidance cited in the report remains part of management's forward-looking message, alongside its statements that EBITDA margin was on plan and cash was being generated faster than expected. The results published through the end of the nine-month period combine record revenue with growth exceeding the market by 8 percentage points. They also include net profit of €275 million and an EBITDA margin of 19%, alongside continued weakness in sales in China.