Gestamp Automocion

Latest Results (12.01.2025):

Record Financial Results in 2023

Gestamp Automocion reported a significant revenue increase of 14.4% for the year 2023, reaching €12,274 million. This growth was achieved despite an unfavorable currency environment, showcasing the company's strong competitive position and strategic geographic diversification. The EBITDA for the year amounted to €1,371 million, marking a 13.4% increase from the previous year, with a profitability margin of 12.3% when excluding the impact of raw materials.

Strengthening Financial Profile

By the end of 2023, Gestamp Automocion successfully generated €207 million in free cash flow, which contributed to reducing its debt to €2.058 million. This reduction brought the net debt-to-EBITDA leverage ratio down to 1.5x, the lowest since the company's IPO. This achievement aligns with the objectives set during the Capital Markets Day in 2023, reinforcing Gestamp's ambition for continued growth in the coming years.

Phoenix Plan: NAFTA as a Strategic Priority

Gestamp Automocion has identified the NAFTA region as a strategic priority, launching the Phoenix Plan to improve its EBITDA margin in this market. The plan aims to achieve a double-digit margin by 2026 through operational improvements, cost savings, talent acquisition, and commercial strategies. The initiative will involve an extraordinary impact of €100 million in expenses and planned investments between 2024 and 2026.

EV as a Growth Driver

In 2023, electric vehicle-related revenues accounted for 20% of Gestamp Automocion's automotive components sales, reflecting a 6 percentage point increase from the previous year. This growth surpasses the market's electric vehicle penetration by 3 points, driven by Gestamp's strategy of providing differentiated solutions for its customers. The company anticipates continued growth in the EV segment, with an estimated 26% increase in penetration from 2023 to 2027.

Present Growth and Future Value Creation

Gestamp Automocion achieved a Return on Capital Employed (ROCE) of 17.9% in 2023, supported by EBIT growth and disciplined investment strategies. The company has secured an order backlog of up to €56.6 billion for the next five years, underpinning its revenue targets for 2024-2028. This commercial success is attributed to Gestamp's strategic focus on technology and innovation, ensuring value creation for all stakeholders.