Cie Automotive Sa Ord (CUOTF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation results of Q2. I would like to remind you that you would be able to ask your questions via the webcast and the conference will start very soon. Thank you for your patience and thank you very much for waiting. Good afternoon everyone and welcome to this results presentation of the Automotive TV Hercules, Jesus Maria Sa Ord and Lorea Aristizabal, who is the Director for Corporate Development. At the end of the presentation, there will be questions, but you would only be able to ask your questions in writing by using the tool in the webcast. And now I'm going to give the floor to Lorea, so please go ahead Lorea. Hello good afternoon everybody and welcome to this Q2 presentation and we're going to kick off by reviewing the evolution of the different markets in Q2 and once again we've seen that there's been an important divergence between geographies and each region has evolved at different speeds and with a completely different dynamic approach but let's kick off by reviewing Europe Where production has been reduced by 2% during the quarter with a drop of more than 1% in the first half of the year. However, sales are still very positive with plus 4% in the quarter and plus 4% in the half year. And this shows that there's a disconnection between demand and levels of production. But most of that disconnection can be explained by the greater penetration of Chinese manufacturers in the European market. In other words, more and more sales are being covered by vehicles imported from China, that is imported in a CBU format, that is complete vehicles, and also imported in the CKD format. and this is setting aside the production that was done in Europe historically and it's true that some Chinese manufacturers are now considering having local assemblag...