Gestamp Automocion ( (ES:GEST) ) has shared an update.
Gestamp reported its annual results for 2024, achieving revenues of 12,001 million euros and an EBITDA of 1,319 million euros, in line with market expectations despite the challenging automotive market conditions. The company maintained financial strength with a net debt of 2,097 million euros and a leverage ratio of 1.6x net debt over EBITDA. Gestamp aims to continue its strategic focus on profitability and cash generation in 2025, despite the uncertainty and volatility in the market, particularly in the electric vehicle sector. The company plans to grow above the market and maintain profitability, leveraging its innovation strategies and the ongoing execution of the NAFTA Phoenix Plan.
More about Gestamp Automocion
Gestamp Automocion is a multinational company specializing in the design, development, and manufacturing of high-engineering metal components for the automotive industry. The company focuses on geographical and technological diversification, product differentiation, and innovation to maintain its position in the volatile automotive market.
YTD Price Performance: 18.06%
Average Trading Volume: 27,571
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.62B
See more data about GEST stock on TipRanks’ Stock Analysis page.