CT Automotive Reports Margin Growth Despite Revenue Decline

PUBLISHED: May 07 2025 @ 03:14 | Comments (0) | More info about Fiona Craig

CT Automotive Group PLC (LSE:CTA) has reported a notable increase in its gross margin, which rose by 600 basis points to 28% for FY24. This growth was driven by the implementation of digitization and automation strategies, even though the company faced a 16% drop in revenue due to a slowdown in consumer demand following the post-COVID period.

Despite the revenue decrease, CT Automotive remains optimistic about future prospects. The company has secured eight new contracts valued at $38 million annually, positioning itself to capitalize on operational efficiencies and new opportunities arising from geopolitical tensions and tariff challenges.

About CT Automotive Group PLC

CT Automotive is a leading global supplier of bespoke automotive interior components and kinematic assemblies. The company serves major automotive original equipment manufacturers (OEMs) and Tier One suppliers, with key manufacturing facilities in China, Mexico, and Türkiye. Its diverse product portfolio caters to both traditional and electric vehicle platforms, supported by its low-cost manufacturing footprint.

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