Spain · Delayed Price · Currency is EUR Gestamp Automoción Earnings Call Transcripts
Fiscal Year 2025
-
2025 saw strong profitability and balance sheet improvements despite revenue declines from FX and scrap prices. The Phoenix Plan drove margin gains in NAFTA, and 2026 guidance focuses on higher margins and disciplined CapEx amid a flat market.
-
Revenues declined 4.9% year-over-year to €8.486 billion, mainly due to forex and scrap prices, but EBITDA margin improved to 11%. Profitability and leverage targets are on track, with strong performance in Eastern Europe and Asia offsetting Western Europe and NAFTA declines.
-
H1 2025 saw revenues decline 4.8% year-over-year to EUR 5,844 million, but EBITDA margin improved to 11.1% amid challenging markets. Strong free cash flow, reduced net debt, and strategic actions like the Banco Santander partnership and López Soriano acquisition support a positive outlook for the full year.
-
Q1 2025 saw stable profitability despite a 2.2% revenue decline, with strong performance in Eastern Europe and NAFTA margin improvements. Full-year guidance is reiterated amid market uncertainty, supported by cost controls, diversification, and a robust liquidity position.
Fiscal Year 2024
-
2024 saw €12B in revenue and 11% EBITDA margin (ex-Phoenix Plan), outperforming the market despite a 1% global vehicle production drop. The Phoenix Plan drove NAFTA margin improvement, while guidance for 2025 targets stable volumes, profitability, and leverage.
-
Nine-month 2024 revenues declined 1.6% year-over-year to €8.9 billion, with EBITDA margin at 10.5% and net income down to €127 million. Updated guidance reflects lower sales, slightly reduced margins, and positive free cash flow, amid challenging market conditions and slower EV adoption.
-
H1 2024 saw a 2% revenue decline to €6.14B, but market outperformance and margin gains in Q2. Asia led growth, while Western Europe and Mercosur lagged. Phoenix Plan and disciplined CapEx support profitability and leverage targets amid challenging auto market conditions.