Gestamp Automoción, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 08:42 am EST
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Gestamp Automoción, S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 2,826.6 million compared to EUR 1,803.1 million a year ago. Revenue was EUR 2,894.8 million compared to EUR 1,835.4 million a year ago. Net income was EUR 65.9 million compared to EUR 18 million a year ago.
For the nine months, sales was EUR 7,697.2 million compared to EUR 5,878.5 million a year ago. Revenue was EUR 7,981.5 million compared to EUR 6,017.1 million a year ago. Net income was EUR 183 million compared to EUR 100.8 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. 
