Link Securities | Gestamp (GEST) notified the National Securities Market Commission (CNMV) that, having reached the maximum number of shares set under the Programme after the last of its operations (i.e. a total of 3,014,319 shares, representing 0.52% of the Company’s share capital), it is terminating the Programme with effect from 9 August 2024 and, therefore, prior to its expiry date (set for 20 December 2024).
Norbolsa | Gestamp, a multinational company dedicated to the design, development, and manufacture of automotive components, released its 1Q23 results on Tuesday at market close, coming in above consensus expectations in both sales and EBITDA. Revenues reached €3,144m in the quarter (+8.8% vs. consensus) with a growth of +39.4% year-on-year, and EBITDA came in at €336m (versus €312m estimated by the consensus). In terms of margins, the company reported an…
The company has been progressively closing factories worldwide since mid-March. Europe was first, followed by America, but now it expects a gradual re-opening in the coming weeks. The only exception is China, where there has already been some opening up. Gestamp has 11 plants, two R&D centres in China, representing less than 10% of the 112 production plants that it has globally. They hope that activity will return to normal more or less imminently in the rest of its factories.
According to the company´s report to the regulator (CNMV), Gestamp had net profits of 163 million euros up to September, which is a 7% increase on the same period in 2017. The company had an income of 6.15 billion euros between January and September, 2.5% more than in the first nine months of last year, and 8.9% at constant currency rate.
Gestamp, the multinational company specialising in the design, development and fabrication of highly engineered metal components for the car industry, has recently inaugurated its new plant in Wolverhampton, in the West Midlands (UK). In fact, Gestamp counts with seven production plants in the country. Since 2012, the company has invested more than 200 million pounds in its installations in the UK.
Gestamp said on Tuesday it has bought a factory in Brazil which currently supplies bodywork components for the Japanese car manufacturer Toyota. The Spanish multinational flagged that this operation fits in with its goal of increasing its Japanese clients, who currently manufacture almost a third of global vehicles.
Spain has major access to the funds mobilised by the Juncker Plan. Many companies, like Gestamp and El Corte Inglés, are already benefitting with projects worth some 15 billion euros.
Renta 4 | Gestamp is a direct supplier for the main global light vehicle manufacturers. It makes the key components of any car: bodywork, chassis and mechanisms. It’s one of the few suppliers with global capacity and has a market share of around 15%.
Spanish automotives parts’ manufacturer Gestamp will make its stock market listing on April 7. The preliminary price range is 5,60-6,70 euros, which values the company at 3.540 billion euros at the middle range. The operation will be positive for the Spanish bourse, where there are not a lot of industrial companies.