Gestamp Automocion S A (GMPUF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good evening and thank you for joining HESAM first half 2026 results presentation. Thank you for joining, especially in this very busy evening for you. This call will be led by our executive chairman, Mr. Francisco Riberas. I'm delighted to join him today and honored to participate in my first earnings call as CFO of the company. As usual, let me refer you to the disclaimer on the slide number two of this presentation and also as usual at the end of the call, We will open the floor for our Q&A session. Now let me hand over the call to our executive chairman. Okay, good afternoon and thanks for attending our call in which we will be presenting our first half results. First of all, again, in a very challenging scenario, Gestam has been able to deliver a very solid result in the first half of 2026. With auto manufacturing decreasing from H1 2025, especially in China, Our revenues at FX Customs have increased by 2.9% in Q2 versus Q2 2025 and by 1.3% in H1 versus H1 2025. During the first half of the year, our EBITDA has reached 651 million euros, improving our EBITDA margin and reaching Exclusion Phoenix Plan cost at an 11.6% margin in Q2 and an 11.2% in H1 better than in H1 2025. and our free cash flow generation in the period has reached, excluding Fenix, 86 million euros with a very solid cash flow conversion. So, a strength result which is supporting our full year 26 visibility. If we go to the market, and as already stated, the light vehicle production has suffered during this first half of the year. In fact, in H1 2026, in the stand footprint, the light vehicle manufacturing has reached and many more. Thank you. Thank you very much. by increasing exports. So moving to slide six, in a market declining by 0.9%, Hestan revenues at FX Costan have been able to imp...