Welcome to our dedicated page for Constellium SE news (Ticker: CSTM), a resource for investors and traders seeking the latest updates and insights on Constellium SE stock.
Constellium SE (Symbol: CSTM) is a global leader in the design and manufacture of high-quality rolled and extruded aluminum products. With over 10,000 employees, we leverage our expert teams, world-class R&D center, and outstanding facilities to serve a broad range of markets, including aerospace, automotive, and packaging. Our commitment to innovation and sustainability helps us create value-added and recyclable aluminum solutions that meet the evolving needs of our customers.
Our business is organized into three primary segments:
- Packaging and Automotive Rolled Products (P&ARP): This segment focuses on producing rolled aluminum products at our European and North American facilities, catering to the packaging and automotive markets.
- Aerospace and Transportation (A&T): We manufacture rolled aluminum products and a limited volume of extruded products for the aerospace and transportation sectors, utilizing our facilities in Europe and North America.
- Automotive Structures and Industry (AS&I): This segment is dedicated to the production of extruded aluminum products and aluminum structural components, primarily for the automotive and industrial markets.
In 2023, Constellium generated strong financial results with a record Adjusted EBITDA of €713 million and Free Cash Flow of €170 million, despite facing inflationary pressures and market headwinds. Our CEO, Jean-Marc Germain, acknowledged the dedication of our 12,000 employees and expressed confidence in our future prospects. We anticipate continued growth in our key markets, supported by a share repurchase program of up to $300 million and targeted Adjusted EBITDA of over €800 million by 2025.
Our latest news includes the announcement of a solid financial performance for the fourth quarter and full year ended December 31, 2023. We remain focused on executing our strategy, enhancing shareholder value, and navigating the challenges of inflationary pressures and market softness in certain segments.
For more detailed financial information and updates, please refer to our latest consolidated statements and non-GAAP measures.
Constellium SE (NYSE: CSTM) has announced its voluntary transition to filing SEC reports as a U.S. domestic issuer starting in 2025, while maintaining its foreign private issuer status. The company will begin filing annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K.
A significant change includes switching financial reporting from Euros under IFRS to U.S. Dollars under U.S. GAAP. This transition will commence with Q4 and full-year 2024 results. The company will provide restated historical figures in USD under U.S. GAAP for 2022, 2023, and the first three quarters of 2024.
Key changes include modifications to operating lease reporting, factoring classifications, goodwill impairment treatments, and pension benefit accounting. CEO Jean-Marc Germain highlighted that this transition will enhance result comparability with U.S. domestic filers, expand strategic flexibility, and improve eligibility for certain stock indices.
Constellium (NYSE: CSTM) has successfully completed the 'ISA3' R&D project with Renault Group and other partners, focusing on automotive lightweighting solutions. The project's key achievement is a new lightweight aluminium door that achieves a 14% weight reduction compared to current aluminium doors in compact electric vehicles.
The innovative design, using Constellium's proprietary uni-alloy 6xxx solutions, delivers a 33% reduction in Global Warming Potential (GWP). The single-alloy approach enables efficient closed-loop recycling throughout the door's lifecycle. The project, supported by France Relance investment program, also identified more efficient production processes while optimizing costs and performance.
Constellium SE (NYSE: CSTM) has been awarded a France 2030 grant for its 'Wing of the Future' project, focusing on developing sustainable aircraft materials. The initiative, supported by the French Civil Aviation Administration (DGAC), aims to enhance aircraft performance through lighter weight aluminium solutions and improved recyclability.
The project, conducted at Constellium's R&D center C-TEC and Issoire facility, explores advanced technologies including pre-machining, Friction Stir Welding, and new alloy development to reduce metal thickness and structural weight while promoting efficient recovery and recycling of pre-consumer scrap.
Constellium SE (NYSE: CSTM) announces that its new aluminium recycling center in Neuf-Brisach, France, has achieved a significant milestone by qualifying its first aluminium coils with Crown Holdings (NYSE: CCK). The coils, produced mainly from post-consumer scrap, have passed qualification tests at Crown's plants in France and Spain for use in beverage cans. The new recycling center adds 130,000 metric tons of annual aluminium recycling capacity, bringing Constellium's global recycling capacity to approximately 735,000 metric tons across Europe and North America facilities.
Constellium SE (NYSE: CSTM) has achieved a breakthrough in automotive aluminium recycling by implementing Laser-Induced Breakdown Spectroscopy (LIBS) technology at industrial scale. Developed with OSR GmbH & Co. KG and a premium European automaker, the technology enables sorting of mixed 5xxx and 6xxx alloys from stamping scrap with over 95% purity, addressing a major recycling challenge. The company has successfully processed LIBS-sorted scrap at its Neuf-Brisach plant in France, demonstrating the technology's industrial viability. This advancement supports the automotive industry's sustainability goals by enabling high-quality aluminium recycling and reducing carbon emissions.
Constellium SE (NYSE: CSTM) has announced it will host a conference call and webcast on Wednesday, October 23, 2024, at 10:00 AM (Eastern Time) to reveal its third quarter 2024 results. The press release will be issued before market opening. The call will be led by Jean-Marc Germain, CEO, and Jack Guo, Senior VP and CFO.
Investors can access details of the conference call, webcast, and accompanying presentation on the Constellium Investor Relations page. The webcast will be available live, and participants can join by telephone using specific dial-in numbers for various countries. An archived recording of the call will be accessible on the company's website for three weeks following the event.
Constellium SE (NYSE: CSTM) is showcasing its advanced aluminium solutions at ALUMINIUM 2024 in Düsseldorf from October 8-10. The company's booth (Hall 3, Booth 3A49) features innovative products for automotive, aerospace, packaging, and construction industries, highlighting their commitment to lightweight design, energy efficiency, and sustainability.
Key displays include:
- Crash Management Systems made from over 90% post-consumer scrap
- Uni-alloy 6xxx automotive door
- Luxury cosmetics packaging by Tesem
- Advanced sorting and recycling solutions for automotive aluminium
- High-performance aluminium powders for Additive Manufacturing
Constellium will also present at the Innovation Plaza for Sustainability and Recycling on October 8, discussing automotive mixed scrap sorting using LIBS technology.
Constellium, a global leader in innovative aluminium products, has partnered with ISN, the global leader in contractor and supplier information management services, to enhance its contractor management processes in North America. ISN's platform, ISNetworld, will be used to streamline contractor safety and compliance, including online training, badging, scanning at sites, and Training Qualifications (TQ).
Barry Brown, North American Director of Nonmetals Procurement at Constellium, emphasized that safety, sustainability, and operational excellence are top priorities for the company. The partnership with ISN aims to ensure contractors meet rigorous safety standards while allowing Constellium to focus on innovation and delivering high-performance aluminium products.
Constellium, headquartered in Paris, France, develops value-added aluminium products for various markets, including aerospace, automotive, and packaging. Many of their innovations have become industry standards, improving performance, manufacturability, and eco-efficiency.
Constellium SE (NYSE: CSTM) has been awarded the Supplier of the Year Award by Stellantis for its strong commitment to Corporate Social Responsibility (CSR). The award recognizes Constellium's best-in-class performance in supplying Stellantis and its strict CSR requirements applied to its business and supply chain. As a long-time partner of Stellantis' brands, Constellium provides aluminium automotive body sheet products and extrusion-based structural solutions for numerous vehicle platforms in Europe and the U.S.
Constellium's sustainability efforts have been recognized by several independent organizations, including EcoVadis, Carbon Disclosure Project (CDP), MSCI ESG Ratings, and ISS-Oekom. The company recently achieved ASI Performance Standard Certification for all its global operations. The award was presented during an annual event in Turin, Italy, attended by over 200 Stellantis global suppliers and partners.
Constellium has announced a partnership with Tesem, a global leader in luxury packaging, to advance sustainable aluminium production through an initiative called 'Closing the Loop'. This collaboration aims to create a closed-loop system for recycling high-purity aluminium, significantly reducing the carbon footprint of aluminium production.
Key aspects of the partnership include:
- Tesem's investment in enhancing assets for efficient cleaning and preparation of aluminium scrap
- Collaboration between R&D teams to meet quality standards and adjust casting parameters
- Supply of aluminium coils with reduced carbon footprint from Constellium to Tesem
- Recycling aluminium emits 95% fewer greenhouse gas emissions than producing primary metal
The initiative demonstrates the potential for strategic collaboration to drive innovation and sustainability in the luxury cosmetic packaging market.
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