01 Dear friends, CIE Automotive posted a net profit of €287.5 million in 2019, marking growth of 18% from 2018, evidencing the reliability of its forecasts and its ability to navigate a complex environment, while remaining true to its model of diversification and financial discipline. Throughout this 2019 Annual Report, we will detail how, thanks to our ability to innovate and adapt to market requirements, we managed to beat our growth record once again, recording topline growth of 14% to €3.46 billion. We will also tell you how we managed to stay in strong financial health while pursuing a dynamic investment policy, and how we have delivered our targets under the 2016-2020 Business Plan one year ahead of schedule.