Gestamp’s sales reach €3,144 M in 1Q23, up 39.4% year-on-year
Norbolsa | Gestamp, a multinational company dedicated to the design, development, and manufacture of automotive components, released its 1Q23 results on Tuesday at market close, coming in above consensus expectations in both sales and EBITDA. Revenues reached €3,144m in the quarter (+8.8% vs. consensus) with a growth of +39.4% year-on-year, and EBITDA came in at €336m (versus €312m estimated by the consensus). In terms of margins, the company reported an…