Gestamp Automocion : Q3 results in line, risk-reward ratio still unfavourable
>Results in line with expectations and guidance confirmed - Gestamp yesterday evening reported Q3 results that came in, as for nearly all equipment manufacturers, down year on year and quarter on quarter, but in line with expectations, prompting the group to confirm its guidance. While the topline guidance now looks prudent (but already factored in), the margin and cash flow guidance by contrast look slightly ambitious in our opinion. Ultimately, we have only fine-tun...Gestamp Automocion SA. Gestamp Automocion SA is a Spain-based company primarily engaged in the auto parts manufacture. It focuses on the design, development and production of metal components and structure systems for the automotive industry. The Company's products portfolio includes skin panels and closure parts, structural and body components, chassis, bumpers and dashboard crossbeams, among others. The Company's customers include Volkswagen, Renault-Nissan, PSA, Daimler, General Motors and BMW, among others. The Company is a parent of the Gestamp Automocion Group, a group, which comprises a number of subsidiaries with operations established in North and South America, Europe and Asia. The Company is controlled by Acek Desarrollo y Gestion Industrial SL.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.