CIE Automotive results september 2016

CIE Automotive

CIE Automotive Earns 25% More; Shares Still Have 7% Upside

Cie Automotive, the Spanish company which specialises in producing components for the automobile sector, registered a 25.5% rise in net profit to 123 million euros in the nine months to September from a year earlier. Link Securities has calculated a new valuation for the company which at current prices offers a potential upside for CIE’s shares of over 7%.