Gestamp, the multinational specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, presented today its 2024 first half year results. During the period, despite the lower market dynamism in key regions for the company, Gestamp has improved its revenues, EBITDA profitability and cash generation compared to the previous quarter.
Spanish auto supplier Gestamp is planning to build a 460,000-square-foot plant in suburban Detroit that would employ 390 workers and feed parts to General Motors' Orion Assembly factory.
The company would occupy the build-to-suit development on a 42-acre plot at 52153 Sierra Drive in Chesterfield Township, Mich., according to a site plan submitted to the township. The plan allows for a 300,000-square-foot future expansion.
Gestamp, the multinational specialized in the design, development, and manufacture of highly engineered metal components for the automotive industry, presented today its results for the first nine months of 2023. The financial figures recorded during the period remain in line with the objectives set by the company, as a result of the positive performance of the projects developed in an inflationary environment. Despite this situation, Gestamp confirms its guidance for year-end 2023.
Gestamp, the Spanish multinational company specializing in the design, development and manufacture of highly engineered metal components for the automotive industry, has appointed Ernesto Barceló Rodriguez as ESG Director, who has been until now Vice President Sustainability at Omya headquarters in Switzerland. His appointment has been approved by the Nomination and Compensation Committee as well as by the Board of Directors of Gestamp. Mr. Barceló´s incorporation to Gestamp will be effective as of October 3rd, 2022 and he will be reporting directly to the Executive Chairman.
Gestamp, a multinational specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, presented today its second quarter 2022 results.
Gestamp, a multinational specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, presented today its financial results for the first quarter of 2022. The good results reflect the solid and strategic positioning of Gestamp and its resilience to successfully face a challenging market context.
Gestamp has recorded 2021 nine-month net income of EUR101m (US$118m), compared to -EUR92n last year.
Revenue rose 19.5% to EUR5.9bn, while EBITDA reached EUR701m.
Net income during 9M, 2021, was driven by lower financial expenses, higher control of foreign exchange variations but impacted by EBITDA margin evolution in a more volatile market environment.
Gestamp noted its results were despite the high volatility in production volumes due to the shortages of semiconductors, which is expected to reduce global output in 2021 by 9m vehicles.
Gestamp, the multinational specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, presented today its 2024 first half year results. During the period, despite the lower market dynamism in key regions for the company, Gestamp has improved its revenues, EBITDA profitability and cash generation compared to the previous quarter.
