Gestamp Automoción (GEST) investor relations material

Executive summary

• 9M revenue was €8,432.4m, down 0.6% YoY; EBITDA excluding Phoenix impacts was €954m, with an 11.3% margin.

• Net financial debt was €1,908.1m and leverage 1.4x, the lowest nine-month debt level since IPO.

• FY2026 margin and cash-conversion guidance was reiterated, supported by sequential and YoY margin improvement and expected Q4 seasonal strength.

• Profit for the period increased 29.2% to €215.9m; profit attributable to equity holders rose 34.7% to €140.8m.

Financial highlights

• 9M reported EBITDA was €936.1m, up 1.2% YoY; excluding Phoenix impacts, EBITDA was €954m versus €937m a year earlier.

• 9M reported EBIT was €381.8m, down 4.3%; reported EBIT margin was 4.5%, while Phoenix-adjusted EBIT margin was 4.7%.

• Q3 revenue decreased 0.1% to €2,638.4m; EBITDA rose 4.2% to €295.9m and operating profit increased 3.5% to €117.2m.

• 9M free cash flow was -€15m reported and €17m excluding Phoenix impacts; operating cash flow was €560.8m versus €703.2m, with €194.2m used by working-capital movements.

• Auto-business revenue at constant FX was flat in 9M; total revenue was supported by higher scrap prices at Gescrap.

Outlook and guidance

• FY2026 guidance: Group EBITDA margin above 11.7%, Auto above 11.9%, Gescrap above 7.4%, and operating cash-flow conversion in the ~35% range.

• 9M operating cash-flow conversion was 34%; less capital-intensive operations remain part of the full-year target.

• Phoenix-related 9M impacts were €17.9m on P&L and €13.7m on capex; ~80% of expected FY impacts had been incurred.

• Sequential and YoY margin improvement and expected Q4 seasonal strength were cited as supporting delivery of FY guidance.