Brief: Gestamp Updates 2024 Guidance To Reflect Lower Growth, Lower Operating Leverage And Lower Free Cash Flow Generation

Gestamp Automocion SA

05/11/2024 17:06

Nov 5 (Reuters) - Gestamp Automocion SA  GEST.MC :
    * PHOENIX PLAN MAINTAINS POSITIVE PERFORMANCE CONFIRMING OBJECTIVES AND PLANS TO CLOSE YEAR
IN
LINE WITH 2023 DATA
    * FORECAST IS TO CLOSE YEAR WITH EBITDA MARGIN SIMILAR WITH THAT REPORTED IN 2023
    * SHORT TERM OUTLOOK REMAINS UNPRECEDENTLY COMPLICATED
    * COMMITTED TO MEET 2027 TARGETS
    * UPDATES 2024 GUIDANCE TO REFLECT LOWER GROWTH, LOWER OPERATING LEVERAGE AND LOWER FREE
CASH FLOW
GENERATION

Source text:  ID:nCNM4tJZtV 
Further company coverage:  GEST.MC 

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