CT AUTOMOTIVE GROUP PLC - Final Results for the year ended 31 December 2024 ("FY24") 6tv6i

CT Automotive Group PLC delivered a resilient FY24 investor update, demonstrating operational strength despite a 16% revenue decline to $119.7 million amid softer global automotive demand. Key highlights include a 600 basis point gross margin improvement to 28%, adjusted EBITDA growth to $16.3 million, and a 5% rise in adjusted profit before tax to $8.7 million. The company strengthened its balance sheet, reducing trade payables and borrowings while investing $3.2 million in automation and capacity enhancements. CT Automotive secured eight new contracts worth $38 million annually, expanding its global footprint across Europe, North America, and China. Leveraging vertical integration, digitization, and AI-driven efficiencies, the group maintained high-quality, low-cost production, positioning itself competitively amid industry shifts, including EV growth and tariff uncertainty. Strategic operational improvements, automation, and a disciplined cost structure underpin a platform for mid-single-digit revenue growth and further margin expansion in FY25. CT Automotive’s strong order book, scalable manufacturing model, and flexible global footprint, combined with a growing ESG focus and significant board share ownership, its long-term growth strategy and investor alignment. 4i6z4i