Gestamp Automocion : Strengthened profile and a good entry point
>Good Q4 numbers - Gestamp’s Q4 results, reported yesterday evening, were solid and largely beat expectations (+15% for EBITDA) with, notably, strong cash generation, which had been one of the group’s weak points . However, the guidance is broadly in line, reflecting the dilutive impact of higher raw materials costs but very likely other inflationary pressures as well (wages, energy, transport). All told, we are maintaining our 2022-2023 EBITDA estimates and have shad...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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