Automotive supplier Gestamp reported third-quarter revenue of €2.63 billion, down 0.1% from a year earlier and below the second-quarter figure of €2.96 billion. EBITDA for the quarter, however, rose year on year to €296 million from €284 million, although it was below the €337 million reported in the second quarter.
For January–September, the company’s net revenue fell 0.6% to €8.43 billion. Gestamp said its results were negatively affected by currency fluctuations. Pre-tax profit for the nine months, by contrast, rose 1.2% to €936 million.
The company is operating amid a decline in global production of passenger cars and light commercial vehicles: output fell 0.8% year on year in January–September 2026. For the full year, it is estimated to decline by 1.7% to 92.8 million vehicles.
Gestamp CEO Francisco Riberas said the company’s operating model helps improve efficiency, including in North America. He said selective expansion of production in countries with strong growth prospects, including the recent opening of plants in India and Brazil, helps the company remain competitive amid uncertainty.
Gestamp also reported further improvements in profitability in the US and Mexico under its Phoenix Plan (PP). However, total revenue in North America for the nine months fell 6.1% to €1.14 billion. This figure excludes the impact on profit and loss of €17.9 million for January–September 2026 and €12.2 million for the same period in 2025.
Revenue in Asia fell 5.6% to €1.26 billion, and in Western Europe it slipped 0.1% to €2.99 billion. It rose 1.3% to €1.43 billion in Eastern Europe and 7.6% to €649 million in the Mercosur market in South America.
