Gestamp Automoción, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 18, 2020 at 02:01 pm EDT
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Gestamp Automoción, S.A. Announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was EUR 2,060.9 million compared to EUR 2,250.2 million a year ago. Operating income was EUR 42.8 million compared to EUR 109.6 million a year ago. Net income was EUR 14 million compared to EUR 40.7 million a year ago.
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.
GESTAMP AUTOMOCIÓN, S.A. 
