Cie Automotive Sa Ord (CUOTF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Buenas tardes de nuevo. Good afternoon again. And welcome to the results for the third quarter of 2025, the SEER automotive. We have Lorea Aristizabal with us today. There will be questions at the end of the session, and questions can only be asked in writing via the webcast tool. And now I'll hand over to Lorea. Go ahead, please. Good afternoon, everyone. It seems there's been a problem with the microphones and we've received 300,000 messages saying that you were hearing us. I hope we didn't say anything terrible. But good afternoon, everyone, and welcome to the CIE Automotive 2025 Third Quarter Results Conference. But before moving on to the results, let's briefly review what's happened in the markets to put our performance into context. Starting with Europe, where production has grown by 1% in the quarter, although in the accumulated nine-month figure it's still below last year, 2%. News for the quarter in Europe. Well, in the trade area, we have to highlight the agreement reached on July 27th between the United States and Europe, which has somehow helped to ease tensions. An agreement that avoids the initially planned increase to 30% of the tariffs and establishes a tariff of 15%, which is added to the... tariff of 2.5% that already existed for vehicles exported from Europe to the US and which is applicable retroactively from August 1st. This agreement provides a breathing space for the European car industry and brings some stability. On the other hand, the European environment is still marked by competitive pressure from Chinese manufacturers who continue to gain market share in Europe through imports According to the latest data available, between January and August, their sales increased by 75%, reaching a share of 4.9% of the market compared to 2.9% in 2024. ...