Gestamp Automocion : Gestamp transforms the try in 2022
>A very solid Q4 print and positive 2023 guidance - Yesterday evening, Gestamp published solid results that beat forecasts (Q4 EBITDA +16% vs the consensus, attributable net profit a shade above and FCF well above). The outlook for 2023 is also inspiring (another year of double-digit EBITDA growth, FCF >€ 200m). Following this release, we have raised our estimates for 2023e EBITDA, attributable net profit and FCF by14%, 3% and 39%, respectively, and we now stand 10% ...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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