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) conducted its Annual General Meeting (AGM) on June 10, 2022, in Paris. All proposed resolutions were approved, including the appointment of Mr. Emmanuel Blot as a new Non-Executive Director, and re-appointments of Ms. Martha Brooks and Ms. Lori Walker for three-year terms. Mr. Jean-Christophe Deslarzes was appointed as the new Chair of the Board, succeeding Mr. Dick Evans, who has been with the company since 2011. Constellium reported €6.2 billion in revenue for 2021.
Constellium SE (NYSE: CSTM) has announced that notice and agenda for its Annual Ordinary General Meeting of Shareholders will be available on its website. The meeting is scheduled for June 10, 2022, at 16:00 CET (10:00 AM EDT). Shareholders can access relevant documents free of charge at the company’s offices or online. Constellium is a leader in innovative aluminium products across various industries, generating €6.2 billion in revenue in 2021.
Constellium SE (NYSE: CSTM) has partnered with Morf3D to supply its proprietary Aheadd® CP1 aluminium powder for additive manufacturing, targeting applications in aviation, space, and defense industries. This collaboration aims to develop new applications and set standards for aluminium component production using Laser Powder Bed Fusion (LPBF). Aheadd® CP1 is noted for its high ductility, excellent surface finishing, and cost-effectiveness, which enhance productivity in metal additive manufacturing. Constellium reported €6.2 billion in revenue for 2021.
Constellium SE (CSTM) reported a strong Q1 2022, with key highlights including:
- Shipments of 401k metric tons, a 4% increase YoY
- Revenue of €2.0 billion, up 48% YoY
- Net income surged to €179 million from €48 million in Q1 2021
- Adjusted EBITDA reached €167 million, a 38% increase YoY
- Free Cash Flow of €26 million
The company raised its Adjusted EBITDA guidance for 2022 to €640-660 million, highlighting strong demand and operational execution despite inflationary pressures.
Constellium SE (NYSE: CSTM) will conduct a conference call and webcast on April 27, 2022, at 10:00 AM EDT to discuss its first quarter 2022 results. The press release will precede market opening. CEO Jean-Marc Germain and CFO Peter Matt will host the call. Investors can access details and the webcast through the Investor Relations page. Telephone participation is available via several international numbers. An archived recording will be accessible on their website for three weeks following the call.
Constellium announced its 2022 Analyst Day will take place on April 6, 2022, at 9am EDT in Muscle Shoals, Alabama. The event will include presentations by top executives, followed by a facility tour. Notable speakers include CEO Jean-Marc Germain and CFO Peter Matt. The presentations are expected to conclude by 12pm EDT. Participants can join via webcast or telephone, with access codes provided. A replay will be available for three weeks post-event. Constellium is a leader in innovative aluminium products, reporting €6.2 billion in revenue for 2021.
Constellium (NYSE: CSTM) has filed its 2021 Form 20-F annual report with the U.S. SEC, accessible on its website and the SEC's site. The report details the company's financial performance, including €6.2 billion in revenue for 2021. Shareholders may request hard copies of the audited financial statements at no cost. Constellium specializes in producing innovative aluminum products across various sectors such as aerospace, automotive, and packaging.
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