Ceat aims for 20% margins with Camso acquisition
pre-market1 source ↓written by the desknot a recommendation
- Tyres is targeting
- 20% operating margins
- annual revenue
- $1 billion
- margins stand
- 13-15%
Ceat Tyres is targeting 20% operating margins and a $1 billion annual revenue from its acquisition of Camso. The RPG Group company plans to take full control of the premium off-highway tyre brand from Michelin over the next three years. Currently, Ceat's EBITDA margins stand at 13-15%, with expectations for significant improvement post-acquisition.
Not investment advice. For informational purposes only.