Major Nissan supplier Gestamp has returned to profit despite what it described as a difficult market.
Accounts for the Spanish parent company of Gestamp Tallent Limited - which runs a Newton Aycliffe plant employing about 2,000 people - showed net profit was £128m (€155m) in 2021, up from a loss of £58.6m (€71m) the previous year.
The multinational reported sales of £6.6bn (€8.98bn), an 11% increase on the previous year - a figure it said outperformed the global vehicle production market. EBITDA increased from £625m (€757m) to £824.2m (€998m).
