Automotive supplier Gestamp reported first-half 2026 revenue of €5.79 billion, a 0.9% year-on-year decline, and reiterated its full-year guidance. The Spanish components maker said the revenue drop was mainly due to adverse foreign exchange rates. First-half EBITDA, excluding the impact of the Phoenix Plan, held steady at €651 million, while net income rose 47% to €110 million and the EBITDA margin edged up 10 basis points to 11.2%. In North America, where the Phoenix Plan restructuring is underway, the first-half EBITDA margin improved to 8.0% from 7.1% a year earlier, and the company repeated its target of reaching double-digit profitability in the region by year-end. Net debt fell 17% to €1.77 billion, the lowest first-half level since Gestamp's 2017 listing. The company maintained its full-year outlook for an EBITDA margin above 11.7% and an operating cash flow conversion ratio in the 35% range.
Gestamp AutomocionRevenue decline due to FX but net income up, guidance maintained, and restructuring progress in North America.