CIE Automotive reports 1.2% y/y growth in Q1 sales to USD909 million
Company does not provide any forecast for FY 2020
CIE Automotive has reported 1.2% y/y increase in sales to EUR822 million (USD909 million) in the first quarter ended 31 March 2020, the company said in a press release on 29 April. The company recorded EBITDA of EUR140.3 million, down 7.1% y/y, and EBITDA margin 17.1%. EBIT decreased 7.6% y/y to EUR104.3 million, resulting in 120 basis points drop in EBIT margin to 12.7%.
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