Gestamp Automocion : Pending Q4
>Decent Q3 results, guidance confirmed but seems cautious - Yesterday evening Gestamp released a decent set of results in line with consensus expectations. Revenue and margins are still strongly affected by the increase in raw materials prices, which is passed on to clients, but EBITDA remains solid in absolute terms, in line with previous quarters (+44% y-o-y, -3% q-o-q). Following this release, the group reiterated its guidance, although we now see it as overly cau...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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