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 the appointment of Mr. Jean-Christophe Deslarzes as a Special Advisor to the Board of Directors, effective January 2021. The Board intends to nominate him as a Non-Executive Director during the 2021 Annual General Meeting. Mr. Deslarzes brings extensive experience, having served in leadership roles at Rio Tinto and Carrefour Group, among others. He holds a master’s degree in Law from the University of Fribourg, Switzerland. In 2019, Constellium reported €5.9 billion in revenue and is a leader in developing innovative aluminium products across various markets.
Constellium SE (NYSE: CSTM) announced certification of its Neuf-Brisach facility in France by the Aluminium Stewardship Initiative (ASI) for Performance and Chain of Custody Standards. This certification enables the plant to provide responsibly sourced aluminium products using end-of-life recycling and a certified supply chain. Constellium aims to meet growing demand for sustainable solutions. The facility, with a capacity of 450kt annually, emphasizes sustainability in aluminium production. The company continues its commitment to circular economy and supports ASI certification across its operations.
Constellium SE (NYSE: CSTM) reported Q3 2020 results, with shipments of 354k metric tons, a decline of 11% YoY, and revenue of €1.2 billion, down 20%. Net income improved to €20 million, compared to €1 million in Q3 2019. Adjusted EBITDA was €126 million, a 9% drop YoY. For the first nine months, shipments decreased 14%, and revenue also fell 20% to €3.6 billion. The company anticipates Adjusted EBITDA in the range of €450-460 million for 2020, despite challenges from the COVID-19 pandemic affecting multiple segments, particularly Aerospace and Transportation.
Constellium (NYSE: CSTM) will host a conference call and webcast on Tuesday, October 27 at 10 a.m. EDT to announce its Q3 2020 results. The press release detailing these results will be issued before market opening. The call will be led by CEO Jean-Marc Germain and CFO Peter Matt. Access the conference call via telephone or via the Investor Relations page. An archived recording will be available for three weeks on the company’s website.
Constellium (NYSE: CSTM) will participate in the virtual Credit Suisse Annual Basic Materials Conference on September 15, 2020, at 10:15 a.m. EDT. CEO Jean-Marc Germain and CFO Peter Matt will engage in a fireside chat. Live access will be available via the Constellium Investor Relations website. An archived recording will also be provided for three weeks post-event. Constellium is known for developing innovative aluminium products, generating €5.9 billion in revenue in 2019.
Constellium SE (CSTM) reported Q2 2020 results with a 25% decline in shipments at 310 thousand metric tons, resulting in €1.0 billion revenue, a 33% decrease year-over-year. The company faced a net loss of €32 million compared to a profit of €17 million in Q2 2019. Adjusted EBITDA also plummeted 51% to €81 million. In H1 2020, shipments fell 15%, with revenue down 20% at €2.5 billion and a net loss of €63 million. Despite these challenges, the company generated €54 million free cash flow and increased liquidity to €949 million.
Constellium will host a conference call on Wednesday, July 22 at 10 a.m. (Eastern Daylight Time) to discuss its second quarter 2020 results. The press release detailing the results will be available before market opening. CEO Jean-Marc Germain and CFO Peter Matt will lead the call. Interested participants can join via telephone or access the live webcast through the Constellium Investor Relations page. An archive of the call will be available online for three weeks following the event.
Constellium SE (NYSE: CSTM) will lead a £15 million project named ALIVE, focusing on structural aluminium battery enclosures for electric vehicles. Funded partly by the Advanced Propulsion Centre (APC), the project aims to enhance vehicle electrification. Utilizing Constellium’s HSA6 alloys, which are 20% lighter than conventional alternatives, the project will leverage agile production cells for scalability. Prototypes are expected by late 2021, with production based at the University Technology Center in London.
Constellium SE (NYSE: CSTM) expands its advanced aluminium solutions with the launch of Aheadd®, high-performance aluminium powders designed for additive manufacturing. These powders cater to various industries, including aerospace, motorsports, and defense, offering unmatched thermal stability and potential cost reductions by replacing titanium. The company partnered with Poly-Shape for innovative component development, showcasing its commitment to meeting customer needs in the evolving additive manufacturing market.
Constellium (NYSE: CSTM) announced a private offering of $325 million in senior unsecured notes due 2028, with a 5.625% annual interest rate. The offering is set to close on June 30, 2020, and is intended to fund the redemption of existing 4.625% Senior Notes due 2021. The company will use additional proceeds for general corporate purposes. The notes are offered to qualified institutional buyers and are not registered under the Securities Act, restricting sales to certain investors only.
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