CIE Automotive SA (CIE)

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CIE Automotive SA (CIE) Profile

CIE Automotive SA (CIE.xmad) is a Spanish automotive group focused on designing, manufacturing, and marketing automotive components and subassemblies headquartered in Bilbao, Spain. The Spanish industrial group’s production covers assemblies for powertrain and gearbox, chassis, steering and structural parts, interior and exterior trim, roof systems, commercial vehicles products, transmission and brakes. CIE Automotive has over 25,000 employees and operates a global network of 110 production sites with 63 offices across 16 countries. In 2019, the group acquired Inteva Roof Systems for $755M (USD). CIE Automotive SA stock (CIE.xmad) is traded on the Madrid Stock Exchange (BMAD), listed as a component of the Swiss globally integrated index Stoxx Europe 600 and a Spanish benchmark stock market index Ibex-35 constituent. CIE has a €2.98B (EUR) market cap as of November 2021 and €185M (EUR) in 2020 yearly revenues. Following last year’s -16.2% impact in the automotive market, CIE’s 2020 net profit fell by 36% compared to 2019 revenue. Despite the difficulties of a challenging year, CIE Automotive SA completed the acquisition of Somaschini S.p.A, an Italian gear systems manufacturer, for €77.1M (EUR). Instead of laying off, it preferred to support its employees and the community by giving €25M (EUR) to support its workforce and about €1M (EUR) to the community work. CIE Automotive’s continuous efforts and shrewd strategy resulted in a 154% growth for this year’s first half and a 75% rise for 2020’s third quarter. In September 2021, CIE Automotive SA (CIE.xmad) announced the joint management of its engineering and environment departments as a key strategy towards sustainability and ecodesign.

CIE Automotive SA (CIE.xmad): Trade a Contract for Difference (CFD) on CIE.xmad and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock. Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.

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CIE Automotive SA (CIE) Trading FAQ

Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.

Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.

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