Analysis Department of Bankinter offers analysis of the latest news on the Spanish company:

Gestamp

– Recommendation: Buy

– Close: 6.53 euros

– Daily variation: -0.23%

2017 results, no surprises

• Sales : 8,201.6 million euros (+ 8.7%).
• EBITDA : 889.9 million euros (+ 5.8%).
• Cumulative net profit (BNA) : 239.7 million euros (+ 8.3%).
• Net debt (DN) : 1,897.9 million euros (+ 16.2%).
• DN / PN : 0,96x (0,87x vs. December 2016).

The results have been affected by the movement of currencies.  At constant currency EBITDA growth it would have been + 8.8%.

The contribution has been uneven as the geographical area to be considered:

• Mercosur and Eastern Europe grow significantly: + 40.1% and + 21.4% respectively.
• Western Europe increased its profits by 8.3%.
• Asia : + 6.2%.
• NAFTA cut -4.1%.

Opinion

Results without big surprises that hardly have an impact on the share price. 

Gestamp 2017 Financial Results

See quote / operate with Gestamp shares in Bankinter