Gestamp Automocion, S.A.

Gestamp Automocion, S.A. Earnings Recaps

GEST.MC Consumer Discretionary 2 recaps
Q1 2026 May 14, 2026

Shares fell 6.8% following the release as investors were disappointed by soft organic sales growth, ongoing volume declines in key markets such as China and Mercosur, and cautious comments on lower North American vehicle production, despite margin improvements.

Key takeaways
  • Reported revenues declined 5% year-over-year to EUR 2.83 billion, mainly due to unfavorable foreign exchange rates and a 0.3% drop in organic sales.
  • Global vehicle production struggled, down 3.4% year-over-year, with a sharp ~10% decline in China and a 2% decrease in North America and Western Europe, pressuring volume growth.
  • EBITDA margin expanded modestly to between 10.7% and 11.0%, driven by cost efficiencies and the Phoenix Plan, yet overall sales softness limits confidence in sustainable margin gains.
  • North American operations saw EBITDA margin improvement to 7.1% despite vehicle production in the region being below expectations, highlighting ongoing operational challenges.
  • Gescrap benefited from rising scrap prices in Q1, boosting revenues by about 12% quarter-on-quarter and improving EBIT margin to 6.4%, though the main automotive business faces headwinds.
Full recap
Q3 2025 Nov 6, 2025

Gestamp reported resilient financial performance for the first nine months of 2025, navigating a challenging market environment with revenues of EUR 8.5 billion and a growing EBITDA margin of 11%.

Key takeaways
  • Revenues declined by 4.9% year-over-year primarily due to adverse foreign exchange impacts, offsetting the growth in the light vehicle manufacturing market.
  • EBITDA margin improved by 40 basis points to 11%, driven by operational efficiencies and cost reduction strategies amid lower sales.
  • Gestamp's Phoenix Plan delivered a EUR 12.2 million positive impact on the P&L, enhancing profitability despite declining volumes in key markets.
  • Net debt decreased by EUR 330 million year-over-year, ending the period at EUR 2.1 billion, reflecting improved balance sheet management.
  • The company continues to adapt to market uncertainties, particularly in North America and Asia, while expecting recovery in scrap prices as market conditions stabilize.
Full recap