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Gestamp earns 55 million in the first quarter after invoicing 2.096 million

Automotive News

The automotive component manufacturer invoiced 2,096 million euros during the first quarter of 2017, a 16.1% increase over the same period of the previous year.

By markets, Western Europe grew by 16.5% to € 1.1 billion; While in Eastern Europe it increased sales by 28.8% to 224 million, in Mercosur by 51.1% to 117 million, in North America by 7.9% to 393 million; And Asia by 6.7%, to 263 million.

Between January and March, Gestamp posted a gross operating profit (EBITDA) of € 222 million, up 15.4% from the same period in 2016, while net operating profit (ebit) increased 20.5% The 120 million.

The listed company said today that at constant exchange rates, its sales growth would have been 16.8%, while ebitda would have increased 17.9%.

In total, Gestamp obtained a net profit was 55 million euros, 33.2% more than in the first quarter of 2016.

Gestamp last April carried out the third IPO of the year, with a value of 5.6 euros per share and a capitalization of 3.222 million euros. Today, at half session, its securities were trading at 5.63 euros, reflecting a fall of 0.35%. Following the presentation of results, the action has been turned around, registering a rise of 0.53% to 5.68 euros.

POR Expansión.com – 05/09/2017

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