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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Gestamp Automoción, S.A.    GEST   ES0105223004

GESTAMP AUTOMOCIÓN, S.A.

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Gestamp Automoción S A : opens its new plant in West Midlands

09/13/2018 | 09:27am EST

9.13.2018

Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry opened its new manufacturing facility today in Four Ashes near Wolverhampton (West Midlands).

The new plant has state-of-the-art stamping equipment in its 50,000 square metres facility. It will include the production capability of the existing Gestamp Cannock plant when the existing capacity is transferred, safeguarding 800 jobs.

An investment close to £50 million to date will upgrade the company's industrial capabilities in the region and an additional amount could be invested depending on future projects. Gestamp has opened five facilities worldwide in 2018 including West Midlands.

State-of-the-art technology for Gestamp clients

The new plant will bring a completely innovative technology of hot stamping. That includes one of the biggest hot stamping lines in the world aiming to provide a better service to customers, namely JLR, Nissan-Renault, Volvo, Ford, BMW, Toyota and Honda.

The plant will also manufacture aluminium parts in an innovative transfer servo press, including battery boxes for electrical vehicles. The equipment will comprise laser cells for cutting and welding.

'This new plant is more efficient and competitive, it is a customer focused factory with opportunity for further growth with both existing and new clients,' Gestamp Executive Chairman, Francisco J. Riberas stated.

'We will continue to help our customers and provide them with the latest technologies such as hot and aluminium stamping. We are already supporting them with the challenges that they face with electrical vehicles by providing lighter and safer solutions,' he added.

Currently, Gestamp UK comprises seven production plants, three in the North East, two in the Midlands and one each in Llanelli and Fareham with a total workforce of nearly 3,000 employees. Since 2012, Gestamp has invested more than £200 million in its UK plants.

Disclaimer

Gestamp Automocion SA published this content on 13 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 September 2018 13:27:07 UTC


© Publicnow 2018
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Financials
Sales 2020 7 386 M 8 967 M 8 967 M
Net income 2020 -110 M -134 M -134 M
Net Debt 2020 2 749 M 3 338 M 3 338 M
P/E ratio 2020 -18,7x
Yield 2020 0,16%
Capitalization 2 002 M 2 433 M 2 431 M
EV / Sales 2020 0,64x
EV / Sales 2021 0,54x
Nbr of Employees 39 564
Free-Float 26,9%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 3,31 €
Last Close Price 3,49 €
Spread / Highest target 23,3%
Spread / Average Target -5,12%
Spread / Lowest Target -28,3%
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Managers
NameTitle
Francisco López Peña Chief Executive Officer & Executive Director
Francisco José Riberas Mera Executive Chairman
Carmen de Pablo Redondo Chief Financial Officer
Juan María Riberas Mera Vice Chairman
Gonzalo Urquijo Fernández de Araoz Director
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