Gestamp Automoción, S.A. Reports Earnings Results for the Full Year Ended December 31, 2021
February 28, 2022 at 08:05 am EST
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Gestamp Automoción, S.A. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was EUR 8,092.85 million compared to EUR 7,455.84 million a year ago. Revenue was EUR 8,289.38 million compared to EUR 7,557.77 million a year ago.
Net income was EUR 155.38 million compared to net loss of EUR 151.06 million a year ago. Basic earnings per share from continuing operations was EUR 0.27 compared to basic loss per share from continuing operations of EUR 0.26 a year ago. Diluted earnings per share from continuing operations was EUR 0.27 compared to diluted loss per share from continuing operations of EUR 0.26 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.