Gestamp Automocion (ES:GEST) has released an update.
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Gestamp Automocion has reported a 6.140 billion euro revenue in the first half of 2024, outperforming market growth and reducing net debt to 2.191 billion euros, while successfully implementing its Phoenix Plan in NAFTA to boost profitability. Despite a challenging vehicle production market, the company has maintained financial discipline, achieving a positive cash flow and focusing on efficiency and selective investment to sustain its competitive edge.
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