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 expanded its partnership with Audi to supply advanced aluminium solutions for the Audi e-tron GT. This collaboration highlights the importance of lightweight materials in electric vehicle design, enhancing safety and efficiency. Constellium’s offerings include ASI-certified aluminium Auto Body Sheet solutions, providing optimal aesthetics and crash absorption for key components. The company also supplies materials for Audi’s first fully-electric model, emphasizing aluminium's critical role in improving vehicle performance and sustainability.
Constellium (NYSE: CSTM) announced its inclusion in the Russell 3000 Index, effective June 28, 2021. This reconstitution captures the largest 4,000 US stocks ranked by market capitalization. Membership ensures inclusion in the large-cap Russell 1000 or small-cap Russell 2000 Index. CEO Jean-Marc Germain stated that this milestone is significant for increasing investor awareness and demonstrates their commitment to shareholder value creation. The Russell indexes are widely used, managing approximately $10.6 trillion in assets.
Constellium SE (NYSE: CSTM) conducted its Annual General Meeting (AGM) on May 11, 2021, in Paris, where all voting items were approved, including the adoption of 2020 annual accounts. Three directors were re-appointed, and four new Non-Executive Directors were appointed to the Board for a three-year term. The new members bring extensive industry expertise that aligns with the company’s strategic focus on sustainability and digital transformation. In 2020, Constellium reported €4.9 billion in revenue, marking its position as a leader in developing innovative aluminum products for various markets.
Constellium SE (NYSE: CSTM) reported Q1 2021 results showing a 2% decline in shipments to 385k metric tons and a 7% decrease in revenue to €1.3 billion compared to Q1 2020. Despite this, the company achieved a net income of €48 million, a turnaround from a net loss of €31 million in the previous year. Adjusted EBITDA fell 18% to €121 million. Strong cost control and improved demand in specific segments, particularly Automotive Structures & Industry, provided some offset. The company anticipates an Adjusted EBITDA guidance of €510 million to €530 million for 2021.
Constellium SE (NYSE: CSTM) announced that the notice and agenda for its Annual General Meeting of Shareholders will take place on May 11, 2021, at 16:00 CET (10:00 AM EDT). Shareholder documentation is available on the company's website and can be obtained free of charge by contacting the Corporate Secretary. In 2020, Constellium generated €4.9 billion in revenue, positioning itself as a leader in value-added aluminium products across aerospace, automotive, and packaging markets.
Constellium (NYSE: CSTM) will host a conference call and webcast on April 28, 2021, at 11 a.m. EDT to present its first quarter results. The announcement will precede market opening. The call will be led by CEO Jean-Marc Germain and CFO Peter Matt. Investors can access the call via telephone or through a live webcast available on the company’s Investor Relations page. A recording will be archived for three weeks post-event. Constellium reported revenue of €4.9 billion in 2020, specializing in innovative aluminum products for various industries.
Constellium (NYSE: CSTM) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission. This report details the company’s operations and financial performance, highlighting a revenue of €4.9 billion for the year. The 2020 Form 20-F is accessible on both Constellium's website and the SEC’s website, with hard copies of the audited financial statements available for shareholders upon request.
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