Gestamp has reported weaker third-quarter earnings while its performance in the first nine months also edged down.
This reflects the adverse impact of foreign-exchange movements, the firm says in its latest earnings report, monitored by Kallanish.
The company operates in a market environment influenced by global light-vehicle production trends, which declined 0.8% year-on-year in January-September of 2026. According to estimates, output is set to fall 1.7% in full-year 2026 to 92.8 million units.
“The company’s strong operating model continues to drive greater efficiency across our processes and operations, with progress in key regions such as North America,” notes Gestamp executive director Francisco Riberas. “This, combined with the selective expansion of our industrial capacity in countries offering significant opportunities due to their strong growth prospects, including recent plant openings in India and Brazil, enables us to remain competitive in a market environment where uncertainty persists”.
Q3 revenue totalled €2.63 billion ($2.94 billion), down from €2.96 billion in Q2 and 0.1% lower y-o-y. Nine-month net revenue totalled €8.43 billion, a fall of 0.6% y-o-y.
The company says profitability continued to improve in the United States and Mexico under its Phoenix Plan (PP).
The supplier of components to the global automotive sector saw cumulative revenue fall 6.1% in North America to €1.14 billion, excluding profit and loss impact of €17.9m in the nine months and €12.2m in January-September 2025.
Revenue was also down 5.6% in Asia to €1.26 billion and declined 0.1% in Western Europe to €2.99 billion. Sales increased 1.3% in Eastern Europe to €1.43 billion and 7.6% in the South American (Mercosur) market to €649m.
Q3 Ebitda reached €296m, below €337m in Q2 but higher compared to €284m a year earlier. January-September earnings before taxes totalled €936m, which is 1.2% higher y-o-y.
