Gestamp Automocion : Excellent momentum and a strengthened profile that is not yet appreciated
>Q1 2023 far above expectations, guidance is confirmed and appears cautious - Gestamp reported yesterday evening Q1 2023 results that were far above forecasts (sales 9% above the consensus, EBITDA +8%, but net attributable profit +45%), driven by robust sales growth (+39% y-o-y) and the leverage effect. Growth was underpinned by several non-operating elements (scope, forex, raw material prices) but remains above all the fruit of a significant “pure” outperformance in...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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