Brief: Gestamp Automocion Maintains Shareholder Remuneration Based On 30% Pay-Out Ratio

Gestamp Automocion SA

20/06/2023 10:44

June 20 (Reuters) - Gestamp Automocion SA  GEST.MC :
    * SEES 2022-2027 ROCE +350BPS IN PERIOD
    * SEES 2022-2027 EBITDA MARGIN UP150-190 BPS
    * AMONG STRATEGIC BUSINESS PLAN OBJECTIVES, GESTAMP
MAINTAINS
SHAREHOLDER REMUNERATION BASED ON 30% PAY-OUT RATIO
    * PLANS TO INCREASE ROCE (RETURN ON CAPITAL EMPLOYED) FROM
CURRENT
14% TO 17.5% IN 2027
    * COMMITTED 2023-2030 CAPEX OF 40 MILLION EUROS

Source text: https://tinyurl.com/s76napxp;
https://tinyurl.com/3k5scm8w
Further company coverage:  GEST.MC 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))