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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Gestamp Automoción, S.A.    GEST   ES0105223004

GESTAMP AUTOMOCIÓN, S.A.

(GEST)
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Gestamp Automoción S A : Q3 results improved versus 2019

11/10/2020 | 05:45am EST

Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has recorded solid Q3 results with an increase in EBITDA and strong free cash flow generation despite continued challenging market conditions.

Performance during Q32020 has been solid across regions with a 7.1 p.p. revenue outperformance of auto production volumes (IHS data in Gestamp's footprint). Revenues during Q3 2020 have reached EUR 2,038m or a 5.3% increase vs. Q3 2019 at constant FX.

EBITDA grew by 10.8% at constant FX in Q3 2020 vs. Q3 2019. Stronger EBITDA than revenue growth has led to margin expansion to 12.0% in Q3 2020 vs. 11.4% in Q3 2019. Strict cost control and execution of the Transformation Plan announced in July despite sales stabilization, led to profitability increase. Efforts have been focused on consolidating reductions in labor and operating expenses across the group, as well as specific actions in line with objectives and timings of the plan.

Net profit reached €28.4m during Q3 2020, similar to Q3 2019 despite higher FX impact and higher outflow of minority interests due to a better performance in those perimeters.

Disclaimer

Gestamp Automocion SA published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2020 10:44:03 UTC


© Publicnow 2020
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Financials
Sales 2020 7 396 M 9 001 M 9 001 M
Net income 2020 -106 M -129 M -129 M
Net Debt 2020 2 742 M 3 337 M 3 337 M
P/E ratio 2020 -21,6x
Yield 2020 0,13%
Capitalization 2 232 M 2 717 M 2 716 M
EV / Sales 2020 0,67x
EV / Sales 2021 0,57x
Nbr of Employees 39 564
Free-Float 26,9%
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Technical analysis trends GESTAMP AUTOMOCIÓN, S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 3,57 €
Last Close Price 3,89 €
Spread / Highest target 18,3%
Spread / Average Target -8,27%
Spread / Lowest Target -35,7%
EPS Revisions
Managers and Directors
NameTitle
Francisco José Riberas Mera Executive Chairman & Chief Executive Officer
Fernando Macías Mendizábal Chief Operating Officer
Carmen de Pablo Redondo Chief Financial Officer
Juan María Riberas Mera Vice Chairman
Gonzalo Urquijo Fernández de Araoz Director
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