CIE Automotive, S.A., together with its subsidiaries, designs, manufactures, and sells automotive components and sub-assemblies worldwide. CIE Automotive was founded in 1996 and is headquartered in Bilbao, Spain. CIE Automotive is an industrial group specialized in supplying components and sub-assemblies for the automotive market. It is listed on the Madrid and Bilbao stock markets, and it has presence in 4 continents and 15 countries.
The company operates as a truly global automotive supplier with more than 24,000 professionals working across multiple continents. It operates through North America, Brazil, Asia, CIE Forging Europe, and Rest of Europe segments, providing comprehensive geographic diversification to serve major automotive manufacturers worldwide.
CIE Automotive offers an extensive range of automotive components and systems across multiple technology platforms.
- The company offers roof systems, including opening roof, shading, and glazing systems.
- BIW (Body-in-White), chassis, and steering products, such as body in white, hubs, outer rings and spindles, steering column brackets, EPS main housings and components, steering nuts, airbag frames, steering housings, brake boosters, steering column tubes, rear axles, and seat structures.
- Exterior/interior trim products comprising arm rests, storage compartments, central consoles, ashtrays, glove compartments, in mold decorations, trim parts, emblems, rear-view mirrors, crossbeams, and front covers.
The company's manufacturing expertise spans multiple technologies including forging, aluminum, casting, machining, metal stamping and tube forming, and plastic and roof systems. It also provides axle beams and spindles, brake camshafts, axle shafts, rear axle assemblies, pistons, levers, air suspension brackets, spindles, stabilizer bars, and sector shafts; and engine products, including crankshafts, crankshaft caps, diesel and gasoline common rails, ladder frames, camshaft covers and bearings. In addition, the company offers transmission and gearbox products, such as mechanical and gearbox housings, clutch and transmission housings, pistons, gearbox components and oil pans, differential cases, planetary carriers, flanges, axle shafts, CVT and hybrid components, crowns, and forging parts for CV-joints.
CIE Automotive delivered strong financial results in 2024 despite challenging market conditions. Despite the macroeconomic, regulatory, and geopolitical uncertainty, which led to a 1% contraction in global sector production, CIE Automotive managed to lift its revenue to €3.96 billion and post a record profit of €325.7 million, underpinned by margin expansion (specifically an EBITDA margin of 18.4%), disciplined investments, and sound financial and tax policies.
The company's profitability metrics demonstrate operational excellence across all regions. As a result, although the mature and emerging automotive markets fared differently in 2024, at CIE Automotive we were able to post similar – double-digit – EBITDA margins in all of our geographic operating regions: Europe (17.5%), North America (18.8%), Brazil (19.8%), and Asia (18.5%). CIE Automotive demonstrated resilience in a challenging market, achieving a net profit of $326 million, a 100% increase from the previous year. The company's sales reached nearly $4 billion, with a modest growth of 1.1% at constant exchange rates.
- Revenue: €3.96 billion
- Net Profit: €325.7 million (100% increase year-over-year)
- EBITDA Margin: 18.4%
- Market Capitalization: $3.52 Billion (as of July 2025)
CIE Automotive ranks No. 59 on the Automotive News Europe list of the top 100 global suppliers, with worldwide sales to automakers of $3.98 billion in 2019. The company maintains a strong position in the global automotive supply chain by serving original equipment manufacturers and Tier-1 suppliers.
CIE's strategic focus on emerging markets like Mexico and India, along with innovation in forging technologies, contributed to its strong performance. The company's geographic diversification strategy has proven effective, with the company also maintaining high profitability margins and increasing its market share across all continents.
Looking ahead, CIE Automotive maintains a positive growth trajectory with targeted expansion in key markets. Looking ahead to 2025, CIE Automotive expects growth in India (6%) and China (2%), while anticipating declines in North America (2%) and Europe (5%). The company aims to achieve a 19% EBITDA margin and continues to focus on cash generation and shareholder returns.
The company's acquisition strategy continues to play a crucial role in its growth. CIE Automotive's most recent deal was a Merger/Acquisition with Techniplas Brasil. The deal was made on June 17, 2025, demonstrating the company's commitment to expanding its market presence and technological capabilities.
CIE Automotive has made significant commitments to environmental sustainability and innovation. Validation of our climate targets by the Science Based Targets initiative (SBTi) further endorses our environmental strategy, which was also borne out by achievement of B scores for climate change and water management in our 2024 CDP assessment. Indeed, almost 15% of our revenues were generated by environmentally-sustainable lines and over 80% by parts and systems that are suitable for all kinds of vehicles.
The company's focus on research and development has been recognized in the industry. Our RDI effort was acknowledged in the form of the Vodafone DEIA Innovation Sariak award for leadership in technological innovation.
CIE Automotive maintains a strong financial position with disciplined capital allocation. Under this model, our priority in 2024 was to convert two-thirds (66%) of our EBITDA into cash, allowing us to reduce our adjusted net debt to €987.5 million, 1.34 times our EBITDA, a record low for us. The company's commitment to shareholder returns is evident through its dividend policy, with more than CHF 120,000,000 in dividends distributed in 2024.
CIE Automotive's strong market position, diversified geographic presence, and focus on operational excellence position the company well for continued growth in the evolving automotive industry landscape.
