Gestamp Automoción, S.A. Reports Earnings Results for the Half Year Ended June 30, 2020
July 30, 2020 at 02:08 pm EDT
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Gestamp Automoción, S.A. Announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was EUR 3,045.269 million compared to EUR 4,513.202 million a year ago. Operating loss was EUR 190.167 million compared to operating Income of EUR 244.465 million a year ago. Net loss was EUR 198.500 million compared to net income of EUR 100.167 million a year ago. Basic loss per share was EUR 0.34 compared to basic earnings per share of EUR 0.17 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. 
