Gestamp Automocion S A (GMPUF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

of this presentation, which has been posted on our website, and that sets out the legal framework, and this presentation must be considered. The conference call will be led by our Executive Chairman, Mr. Francisco Herrera, and our CFO, Mr. Dante Mosquera. As usual, at the end of this conference call, we'll open the floor for Q&A session. Now, please let me hand the call over to our executive chairman. So, good afternoon, and thanks for attending this call with us in this busy day. So, moving forward, overall, 2025 has been a good year for STAMP, a year which has been marked by a complex context, with global tariffs, a world that is still alive, with many regulatory changes in different geographies, but mainly in U.S. and Europe, a year also with the major OEMs realigning their strategies to slower EV adoption, and also with a limited growth in terms of volumes everywhere but in China or India. In this context, Gestant has focused on delivering a strong set of results in 2025, taking action in order to align our exposure to EV programs in line with our customers, and enhancing our balance sheet profile with adding more flexibility and more optionality for us in the future. And of course, also delivering in our commitment for North America in the frame of the Phoenix plan. In terms of the market, in terms of global manufacturing of light vehicles in our footprint has had limited volumes, again, another year. But probably volumes which were better, which have been better than initially forecasted. In fact, by February 2025, we were expecting volumes in 2025 to be very much in line with 2024. Then when the tariffs were started in April, the forecast was reduced. But at the end of the year, final volume has been around 85.5 million, so that meaning around a 4% increase. S...