Gestamp Automocion : Visibility is low but so are expectations
>Q1 in line, ambitious guidance but consensus already more cautious - Gestamp yesterday evening reported Q1 results in line with expectations, with a further marked outperformance (12.6pt) driven by higher raw materials costs passed through to clients (impact of 8.6pt) and market share gains (impact of 4pt). Margins came in lower (-90bp y-o-y at the EBITDA level at 11.2%) but only as a result of this dilutive price effect. While the group’s 2022 guidance was confirmed...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.