REG - CT Automotive Group - AGM Statement

CT AutomotiveAnnouncement

26/06/2025 07:00

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RNS Number : 4481O  CT Automotive Group PLC  26 June 2025

26 June 2025

 

CT Automotive Group plc

("CT Automotive" or the "Group")

 

AGM Statement

 

CT Automotive Group plc ("CT Automotive" or the "Group"), a leading designer,
developer, and supplier of interior components to the global automotive
industry, is holding its Annual General Meeting ("AGM") today at 9.00 a.m. at
which it will provide the following  statement:

"To date in 2025, CT Automotive has made meaningful progress and continued its
strategic development for future growth. Despite ongoing disruptions in the
automotive industry exacerbated by the introduction of tariffs, we are on
track to meet FY25 market expectations for profitability. Anticipated sales
growth will be slightly softer than expected but this has been offset by
further improvements in our gross margin position.

 

We are investing heavily in our Mexican facility, with over $3.4 million
allocated to capital expenditures in FY25. This investment underscores our
confidence in the secured business pipeline that will drive our growth.

 

While the situation continues to evolve, to date the introduction of global
tariffs has been managed effectively, with only limited impact on our
operations and financial performance. Our proactive approach ensures that any
additional costs are seamlessly passed on to our customers or absorbed without
disruption.

 

A good run of customer wins in the last six months means we have increasing
visibility over the remainder of FY25 and into FY26. Our longer-term growth
pipeline remains strong and our sustained investment in AI, automation and
digitization continues to be a key part of our strategy to enhance gross
profit margins. With our strong foundation, ongoing innovation, and commitment
to efficiency, CT Automotive is poised for continued success in 2025 and
beyond."

 

In the video below, CEO Simon Philips provides his overview of this statement

 

 

Investor Presentation

 

Simon Phillips, Chief Executive Officer and Salman Mohammed, Chief Financial
Officer, will provide a short presentation following the completion of the AGM
via Investor Meet Company on 26 June 2025, at approximately 9:10 BST.

 

Investors can sign up to Investor Meet Company for free and add to meet CT
AUTOMOTIVE GROUP PLC via:

 

https://www.investormeetcompany.com/ct-automotive-group-plc/register-investor
(https://www.investormeetcompany.com/ct-automotive-group-plc/register-investor)

 

 

Enquiries:

 CT Automotive                                                       Via Novella

 Simon Phillips, Chief Executive Officer

 Salman Mohammed, Chief Financial Officer

 Singer Capital Markets Advisory LLP (Nominated Adviser and Broker)  Tel: +44 (0)20 7496 3000

 Alex Bond, James Todd, Samed Ethemi

 Novella Communications (Financial Public Relations)                 Tel : +44 (0)20 3151 7008

 Tim Robertson, Safia Colebrook                                      ctautomotive@novella-comms.com (mailto:ctautomotive@novella-comms.com)

 

Notes to editors

CT Automotive is engaged in the design, development and manufacture of bespoke
automotive interior finishes (for example, dashboard panels and fascia
finishes) and kinematic assemblies (for example, air registers, arm rests,
deployable cup holders and storage systems), as well as their associated
tooling, for the world's leading automotive original equipment manufacturers
("OEMs") and global Tier One manufacturers.

 

The Group is headquartered in the UK with a low cost manufacturing footprint.
Key production facilities are located in Shenzhen and Ganzhou, China with
additional manufacturing facilities in Mexico and Türkiye and distribution
facilities and assembly lines in Europe, Asia and the US.  The Company has a
low cost design and administrative centre in India.

CT Automotive's operating model enables it to pursue a price leadership
strategy, supplying high quality parts to customers at a lower overall landed
cost than competitors. This has helped the Group build a high-quality
portfolio of OEM customers, both directly and via Tier One suppliers including
Forvia and Marelli.  End customers include volume manufacturers, such as
Nissan, Ford, GM and Volkswagen Audi Group, and premium luxury car brands such
as Bentley and Lamborghini.  In addition, the Group supplies all our customer
base with a range of products for PHEV and BEV platforms and supplies electric
car manufacturers, including Rivian and a US based major EV OEM.

The Group currently supplies component part types to over 55 different models
for 22 OEMs. Since its formation, the Group has been one of the very few new
entrants to the market, which is characterised by high barriers to entry.

 

 

 

 

 

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