Gestamp Automocion S A (GMPUF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening and thank you very much for taking the time to attend the first quarter results of Gestamp. I am Ana Fuentes, the money and IR director. Before we begin, let me refer you to the disclaimer on slide number two of this presentation, which has been posted on our website and sets out the legal framework under which this presentation must be considered. The conference call will be led by our executive chairman, Mr. Francisco Rivera, and our CFO, Mr. Ignacio Mosquera. As usual, at the end of the conference call, we will open the floor for Q&A session. Now let me hand the call, let me hand the call over to our executive chair. Good afternoon and thanks for attending our call. In Q1, 2026, the key highlights for us is in terms of revenues. We have a 2.8 billion revenues, which is flat compared with Q1, 2025, at effects constant and clearly outperforming the market. In this period, we had a solid EBITDA in this first quarter of 307 million euros, which is 10.8% margin in the quarter, which means 52 basic points better than Q1 2025. And of course, in this quarter also, keep on delivering on Phoenix Plan, which is clearly giving us the message that we are right on track, and even if the market in North America remains lower, Referring to the market, global vehicle manufacturing in Q1 has been weak, reaching 21.5 million units, which is 3.4% below volumes in Q1 2025, but similar to the volumes in Q1 2024. Even if vehicle manufacturing in this quarter has been reduced in North America and also in Western Europe by 2%, This quarter shows a very significant drop in China, of close to 10%, which is driven mainly by lower domestic sales in that market. This quarter, the stamp sales have outperformed the market by 2.3%, as far as the market in our footprint has gone down ...