Gestamp Automoción, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 09:28 am EST
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Gestamp Automoción, S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 2,798.5 million compared to EUR 2,826.6 million a year ago. Revenue was EUR 2,856 million compared to EUR 2,894.8 million a year ago. Net income was EUR 63 million compared to EUR 65.9 million a year ago.
For the nine months, sales was EUR 9,071.6 million compared to EUR 7,697.2 million a year ago. Revenue was EUR 9,221.9 million compared to EUR 7,981.5 million a year ago. Net income was EUR 225.3 million compared to EUR 183 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. 
