Q3 2024 CIE Automotive SA Earnings Call Transcript
Welcome to the conference call for the results for the third quarter here with us. At the end of the presentation, there will be a round of questions, and the questions can only be asked by the tool provided in the webcast. Now hand over to Lorea. Go ahead please.
Good afternoon, everyone and welcome to the conference call on the results of the third quarter and we can begin by reviewing the market situation. A situation which again this quarter has not been at all homogeneous with markets like the Mexican, Indian and Brazilian market with a much better trend than the average and markets like the European, US or Chinese markets are evolving more in line with or even worse than the average.
Let's start with Europe, which is the geography with the worst performance with a drop of 7% in the third quarter and 5% in the first nine months of the year. A form framed by a context of inventory normalization, undecided this by the consumer regarding which
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