Gestamp Automocion

GEST

Equity

ISIN ES0105223004 / Valor 36199797

BME Bolsas y Mercados Espanoles - Renta Variable (2024-09-17)

EUR 2.61+2.96%

Gestamp Automocion
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About company

Gestamp Automocion is an international group specializing in the design, development, and manufacturing of metal automotive components. The company has recently partnered with SSAB to provide fossil-free steel for body-in-white and chassis system products. Gestamp's financial results for the first nine months of 2023 have met the company's objectives, driven by successful projects in an inflationary environment. Despite these challenges, Gestamp remains confident in achieving its year-end 2023 guidance.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Gestamp Automocion reported a revenue of €6,256,139 thousand for the second quarter of 2024, showing a slight decrease compared to €6,365,921 thousand in the same period of 2023. This indicates a minor contraction in revenue year-over-year.

Operating Income

For Q2 2024, Gestamp Automocion's operating income stood at €285,238 thousand, down from €364,343 thousand in Q2 2023. This decline reflects the challenges the company faced in maintaining its operating efficiency.

Net Profit

Gestamp Automocion's net profit for the second quarter of 2024 was €105,901 thousand, a decrease from €162,261 thousand in the same quarter of the previous year. This reduction in net profit highlights the impact of increased expenses and other financial factors.

Dividends

During Q2 2024, Gestamp Automocion distributed dividends amounting to €44,192 thousand. This distribution is part of the company's commitment to returning value to its shareholders despite the challenging financial environment.

Financial Outlook

Gestamp Automocion remains cautiously optimistic about its financial outlook for the remainder of 2024. The company is focusing on strategic initiatives to enhance operational efficiency and drive revenue growth in the upcoming quarters.

Summarized from source with an LLMView Source

Key figures

-33.1%1Y

-22.8%3Y

-44.0%5Y

Performance

26.3%1Y

33.7%3Y

38.4%5Y

Volatility