The Spanish auto supplier maintained EBITDA at €651m and raised net income 47% despite currency headwinds.
Gestamp posted first-half 2026 revenue of €5.79bn, down 0.9% year-on-year, citing adverse foreign exchange rates. The company reiterated its full-year guidance despite the decline.
EBITDA remained steady at €651m, matching the prior-year period, while net income surged 47% to €110m. EBITDA margin improved by 10 basis points to 11.2%. In North America, EBITDA margin rose to 8.0% from 7.1% a year earlier, supported by the Phoenix Plan restructuring.
Net debt stood at €1.77bn at the end of June. The company aims for double-digit profitability in North America by year-end, driven by non-recurring items and operational efficiencies.