Gestamp has recorded full-year 2017 net income up 8.3% to EUR240m (US$296m), with revenue increasing 8.6% to EUR8.2bn.

Results have been driven by good performance across almost all regions as well as the recovery of Gestamp’s operations in NAFTA, in line with expectations.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The supplier’s global workforce continued to grow to more than 41,000 employees in 21 countries.

“The company benefits from high revenue visibility due to the nature of its business,” said Gestamp CEO, Francisco López Peña.

“In fact, our estimated volumes for order book covers more than 90% of the targeted revenues for the period up to 2020.”

See Also:

Mercosur and Eastern Europe achieved strong revenues in 2017, growing by 40.8% at constant FX to EUR562m and by 27.9% reaching EUR1.04bn respectively. Western Europe increased revenues by 9.9% to EUR4.01bn and Asia by 8.4% to EUR1.1bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

During this period, NAFTA declined by 1.9% reaching EUR1.48bn, in line with expectations, impacted by the change-over of large programmes, which resulted in lower volumes in certain models in the US and Mexico, as well as FX headwinds and lower tooling revenues.

“Growth has been driven by sound macro and auto sector dynamics, as well as good volume of existing programmes and the ramp-up of new projects, particularly in Eastern Europe and Mercosur,” added López Peña. “All this growth relies on our long-term strategic relationships with customers”.

“We have made steady progress with the action plan implemented in NAFTA to solve the one-off cost issues. Our on-going project executions and launches are progressing according to plan.”