Gestamp Automocion : Excellent momentum and a strengthened profile that is far from priced in
>Q1 2023 well above expectations, guidance is confirmed and seems conservative - Gestamp reported yesterday evening Q1 2023 results that were strong and well above forecasts (sales 9% above the consensus, EBITDA +8%, net attributable profit +45%), driven by robust sales growth (+39% y-o-y) and strong operating leverage. Growth benefitted from some non-operating tailwinds (scope, forex, raw material prices) but remains above all driven by a strong underlying outperform...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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