Gestamp Automoción, S.A. Reports Earnings Results for the Half Year Ended June 30, 2022
July 26, 2022 at 02:07 pm EDT
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Gestamp Automoción, S.A. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was EUR 4,870.61 million compared to EUR 4,075.48 million a year ago. Revenue was EUR 5,086.75 million compared to EUR 4,181.67 million a year ago. Net income was EUR 117.09 million compared to EUR 82.84 million a year ago. Basic earnings per share from continuing operations was EUR 0.2 compared to EUR 0.14 a year ago. Diluted earnings per share from continuing operations was EUR 0.2 compared to EUR 0.14 a year ago.
Gestamp Automocion SA is a Spain-based company primarily engaged in the auto parts manufacture. It focuses on the design, development and production of metal components and structure systems for the automotive industry. The Company's products portfolio includes skin panels and closure parts, structural and body components, chassis, bumpers and dashboard crossbeams, among others. The Company's customers include Volkswagen, Renault-Nissan, PSA, Daimler, General Motors and BMW, among others. The Company is a parent of the Gestamp Automocion Group, a group, which comprises a number of subsidiaries with operations established in North and South America, Europe and Asia. The Company is controlled by Acek Desarrollo y Gestion Industrial SL.