Report
Anthony Dick ...
  • Michael Foundoukidis

Gestamp Automocion : Un CMD qui n’apporte pas assez de réponses

>Un CMD qui apporte finalement assez peu de nouveaux éléments - Le CMD de Gestamp, le premier du groupe, a été l’occasion pour le management de revenir sur la performance depuis l’IPO de 2017, qui l’a vu générer une forte croissance (TMVA 2016-19 de 9,5%, soit une surperformance annuelle de 10,6 pts), mais très peu de création de valeur (même pré-COVID), et donc de finir 2020 avec une dette nette (ex-IFRS16) de 2,1 Md€, soit un levier de 3,1x (malgré une génération de...
Underlying
Gestamp Automocion S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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