CIE Automotive SA (XMAD:CIE)

€ 25.7 -0.25 (-0.96%) Market Cap: 3.08 Bil Enterprise Value: 4.24 Bil PE Ratio: 9.47 PB Ratio: 2.20 GF Score: 90/100

Q2 2024 CIE Automotive SA Earnings Call Transcript
Jul 22, 2024

€26.9 (+3.26%)

Earnings
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Q2 2024 CIE Automotive SA Earnings Call Transcript

Jul 22, 2024 / NTS GMT

Release Date Price: €26.9 (+3.26%)

Transcript

Operator

Good afternoon, everyone, and welcome to the results preparation, the second quarter 2024 at CIE Automotive. Today, we have Ms. MarÃa Herrera, CEO; Lorea Aristizabal, Director of Corporate Development. At the end, there will be a Q&A and then the questions can only be asked, inviting would provide the tool provided in the webcast. And now I'll hand over to Lorea. Go ahead, please.

Lorea Aristizabal Abasolo

CIE Automotive SA - Director - Corporate Development and Investor Relations

Hello. Good afternoon, everyone, and welcome back to the conference call on the results for the second quarter. We can start if you agree by reviewing the market situation. In this second quarter, global production has shrunk by half a point compared to the second quarter of 2023 with a clear dispersion between markets with the Mexican and Asian markets that show a strong growth going versus markets like the European or the Brazilian markets that have fallen. Let's look at the details.

Starting with European and the CIE market with the worst performance in the second

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