Gestamp falls on earnings miss, weakness in Western Europe and North America

Gestamp Automocion SA

05/11/2025 08:42

** Shares in Gestamp Automocion GEST.MC fall 8% after the Spanish automotive parts manufacturer's third-quarter earnings missed estimates

** Gestamp's Q3 net profit came in at 29.9 million euros  ($34.9 million), 4% below market consensus, as cited by Renta 4

** Its 9-month revenue was hit by weakness in Western Europe and North America and negative exchange rate fluctuations, Renta 4 analyst Alvaro Aristegui Echevarria says

** "The firm's preference for preserving margins as opposed to growth in the current market environment" also took its toll, Aristegui adds

** Shares are on track for their worst day since November 2022

($1 = 0.8575 euros)

 (Reporting by Javi West Larrañaga)

 ((javier.west@thomsonreuters.com; +34 918 35 61 12))