Ceat aims for 20% margins and $1 billion revenue from Camso
after close1 source ↓written by the desknot a recommendation
- and an annual
- 20% operating margins
- from its acquisition
- $1 billion
- margins stand
- 13-15%
Ceat Tyres is targeting 20% operating margins and an annual revenue of $1 billion from its acquisition of Camso, a premium off-highway tyre brand. The company expects significant margin improvement as it takes full control over the next three years, enhancing its position in the high-margin off-highway tyre market.
• Current EBITDA margins stand at 13-15%.
• The acquisition is expected to transform Ceat into a global player in the sector, catering to farm and industrial categories.
Not investment advice. For informational purposes only.