Gestamp Automocion : A bolstered profile to play the recovery with greater confidence
>Q2 much better than expected and guidance essentially confirmed - Gestamp reported yesterday evening solid Q2 results that beat forecasts, both on the topline (14% beat on css sales) and earnings (15% beat on EBITDA, 44% on net income), as well as cash (+84% on FCF). The group confirmed most of its full-year guidance, apart for capex which was revised upwards (from 7% to 9% of sales) to prepare for new projects won, but without impacting the FCF guidance. Following ...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.
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