READ MORE READ MORE We will additionally explain the efforts made to share our financial success with our shareholders, customers, employees, suppliers and, in general, the broader community. Here at CIE Automotive, we are not content with operational excellence; we also want to be benchmarks in the environmental, social and governance (ESG) arenas and we want to contribute, to the extent of our abilities, to delivery of the Sustainable Development Goals (SDGs) laid down in the United Nations 2030 Agenda. CIE Automotive’s financial statements once again reveal substantial growth in the underlying business: EBITDA increased by 12% to €594.4 million, underpinned by the company’s tireless search for continuous improvement, operational efficiency and fixed-cost austerity. Its strong profit margins, coupled with investment discipline and strong finance and tax policies, enabled us to generate cash equivalent to 60% of EBITDA, which translated into net debt of €1.52 billion, a level befitting of our investment vitality.