Gestamp Automocion S A (GMPUF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, and thank you very much, all of you, for taking the time to attend GSTAM's nine-month 2025 results presentation. I am Ana Fuentes. I'm an A&I Director. Before proceeding, let me refer you to the disclaimer of number two of this presentation that has been posted in our website and will set out the legal framework under which this presentation must be considered. The conference call will be led by our Executive Chairman, Mr. Francisco Riveras, and our CFO, Mr. Ignacio Mosquera. As usual, at the end of the conference call, we will open up for a Q&A session. Now, let me turn the call to our Executive Chairman. Okay, good evening. Thanks for attending this call in which we will be presenting STEM results for the first nine months of the year. So far, this year remained very challenging with adverse effects impact for us and also negative volumes in our core markets. But even in this negative context, the standard is performing quite well year-to-date, with revenues very close to 8.5 billion, which means a minus 0.8% outdoor business sales at FX cost and compared with the previous year. But even if lower sales, our EBITDA margin has grown to 11% up 38 basis points versus 2024. In terms of FENIX plan, I think we are running quite well, improving already 96 basic points EBITDA margin versus 2024, and moving forward to ensure our balance sheet strength, ending this period with a leverage of 1.6 times debt to LTM EBITDA. So, solid results year-to-date and providing a good visibility for the full year. In terms of the market, light vehicle manufacturing in the first nine months of the year is up by 4.3% compared with 2024, reaching already 62.2 million units. However, there are big differences in geographical areas. Mainly in Asia is where we have all the growth, ...