Gestamp Reports Lower First Half Revenue but Maintains Full-Year Guidance
Automotive supplier Gestamp reported first half revenue of €5.79 billion in 2026, a slight decline of 0.9% year-on-year (YoY), primarily due to adverse foreign exchange rates affecting some markets where it operates. Despite the drop in revenue, EBITDA remained stable at €651 million for the period and net income rose by 47% YoY to €110 million. The company's North American operations saw improved performance under its 'Phoenix Plan' restructuring initiative, with first half EBITDA margin increasing from 7.1% in 2025 to 8.0%. Gestamp reiterated full-year guidance for an EBITDA margin above 11.7%, and noted that net debt had fallen by 17% year-on-year to €1.77 billion, the lowest first-half level since its public listing in 2017.
Topics: automotive debt reduction ebitda performance revenue decline