Gestamp Automocion S A (GMPUF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.654 Good evening and thank you very much for taking the time to attend the first quarter 00:00:03.654 -- 00:00:07.818 results of Gestamp. I am Ana Fuentes, the money and IR director. 00:00:07.818 -- 00:00:12.602 Before we begin, let me refer you to the disclaimer on slide number two of this presentation, 00:00:12.602 -- 00:00:17.307 which has been posted on our website and sets out the legal framework under which this 00:00:17.307 -- 00:00:22.071 presentation must be considered. The conference call will be led by our executive chairman, 00:00:22.071 -- 00:00:25.874 Mr. Francisco Rivera, and our CFO, Mr. Ignacio Mosquera. 00:00:25.874 -- 00:00:30.305 As usual, at the end of the conference call, we will open the floor for Q&A session. 00:00:30.305 -- 00:00:36.411 Now let me hand the call, let me hand the call over to our executive chair. 00:00:36.411 -- 00:00:40.894 Good afternoon and thanks for attending our call. 00:00:41.397 -- 00:00:46.562 In Q1, 2026, the key highlights for us is in terms of revenues. 00:00:46.562 -- 00:00:52.308 We have a 2.8 billion revenues, which is flat compared with Q1, 2025, 00:00:52.308 -- 00:00:56.680 at effects constant and clearly outperforming the market. 00:00:56.680 -- 00:01:01.827 In this period, we had a solid EBITDA in this first quarter of 307 million 00:01:01.827 -- 00:01:05.069 euros, which is 10.8% 00:01:05.132 -- 00:01:09.077 margin in the quarter, which 00:01:09.077 -- 00:01:13.962 means 52 basic points better than Q1 2025. 00:01:14.525 -- 00:01:19.913 And of course, in this quarter also, keep on delivering on Phoenix Plan, which is 00:01:19.913 -- 00:01:24.920 clearly giving us the message that we are right on track, and even if the market in North 00:01:24.920 -- 00:01:29.005 America remains...