Gestamp Q1 revenue falls 5% to €2.8B but net income surges 81%; reaffirms 2026 targets
Gestamp reported first-quarter revenue of €2.8 billion, down 5% year-on-year, while net income jumped 81% to €49 million, and the company reiterated its 2026 guidance.
- €2.8B
- €49M (up 81% YoY)
- 10.8%
What Happened
Gestamp, a multinational maker of metal auto components, reported revenues of €2.8 billion for the first quarter of 2026, a 5% decrease from the same period last year. The decline was driven by adverse foreign exchange rates and lower global light vehicle production, which fell 3.4% year-on-year to 21.5 million units. However, net income rose 81% to €49 million, partly due to one-off items, and EBITDA remained stable at €307 million, with margin improving to 10.8% from 10.3% a year earlier.
- 6.4%
- 7.1%
Revenue of €2.8B, net income of €49M reported
Annual General Meeting approved complementary dividend of €0.0412 per share
Company reiterated 2026 guidance for EBITDA margin >11.7% and cash flow conversion ~35%
€1.9 billion
Down 10.9% year-on-year; leverage ratio at 1.5x net debt-to-EBITDA, within target range
Why this matters
Despite declining global car production, Gestamp’s profitability improvements and debt reduction show how an auto supplier can navigate a tough market through efficiency measures.
Terms in This Story
- EBITDA
- Earnings before interest, taxes, depreciation, and amortization; a measure of a company's operating profitability.
- Leverage ratio
- Net debt divided by EBITDA; shows how many years it would take to pay off debt using operating profits.
Summarised from the linked release; details can be imperfect — always verify against the original source.