Gestamp Automocion : EBITDA in line, but results and FCF still down and below expectations
>Q1 remained lacklustre, guidance confirmed but looking more ambitious - Gestamp reported, yesterday evening, Q2 results that came in line with expectations at the EBITDA level, but below on EBIT (-4% vs css), attributable net profit (28%) and FCF (-21% vs ODDO BHF, no css). The group reported stable sales (€ 3.09bn, -1% y-o-y, +1% q-o-q, vs css € 3.08bn, ODDO BHF € 3.14bn), with a notable FX impact (-670 bp y-o-y, Turkish, Argentinian and Chinese currencies), witho...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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