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Constellium SE develops and manufactures value-added aluminum rolled and extruded products for aerospace, space, defense, packaging, automotive, commercial transportation and general industrial markets. The company converts aluminum into semi-fabricated and, in some applications, fully fabricated alloy products designed for stringent performance requirements.
Company updates commonly address segment results across Aerospace & Transportation, Packaging & Automotive Rolled Products, and Automotive Structures & Industry; shipment, revenue, Adjusted EBITDA, cash-flow and leverage trends; customer agreements for aluminum alloy extrusions and Airware® aluminum-lithium solutions; plant investments such as the Singen finishing lines for aluminum foilstock; and capital allocation actions including ordinary-share repurchases.
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Constellium SE (NYSE: CSTM) has submitted its annual report on Form 20-F for the fiscal year ending December 31, 2022, to the U.S. Securities and Exchange Commission. The report highlights that Constellium generated €8.1 billion in revenue during 2022, cementing its position as a leader in delivering innovative aluminum products across various markets, including aerospace and automotive. The full report is accessible on Constellium's website and the SEC's website. Shareholders can request hard copies of the audited financial statements free of charge.
On March 3, 2023, Constellium's CEO, Jean-Marc Germain, participated in a White House roundtable focused on industrial innovation and decarbonization, alongside U.S. officials and industry leaders. Germain emphasized the significance of public investments, such as those from the Inflation Reduction Act, to facilitate a transition to low-carbon operations while ensuring job protection and competitiveness. He underscored recycling's vital role in a sustainable economy and advocated for enhanced recycling initiatives. Constellium aims to reduce its greenhouse gas emissions intensity by 30% by 2030 compared to 2021 and to utilize at least 50% recycled input by the same year.
Constellium SE (NYSE: CSTM) reported its Q4 2022 results, showing a 5% decline in shipments to 368k metric tons, while revenue increased by 8% to €1.8 billion. Value-Added Revenue (VAR) rose 18% to €696 million. Net income jumped to €30 million from €7 million in Q4 2021. For the full year, revenue surged 32% to €8.1 billion, with net income at €308 million. The company anticipates continued strength in aerospace demand for 2023 and projects Adjusted EBITDA between €640 million and €670 million. Liquidity at year-end was €709 million, with net debt reduced to €1.891 billion.
Constellium SE (NYSE: CSTM) has announced the appointment of Jack Guo as Chief Financial Officer, effective April 1st, 2023, following the departure of Peter Matt. CEO Jean-Marc Germain expressed gratitude for Matt's contributions in transforming the company over six years, highlighting his role in improving operating results and strategic development. Guo, who joined Constellium in 2017 and has held various finance roles, is expected to drive financial performance and support the company's growth. Constellium reported €6.2 billion in revenue for 2021, positioning itself as a leader in innovative aluminium products.
Constellium (NYSE: CSTM) will host a conference call on February 22, 2023, at 10:00 AM EDT to announce its fourth quarter and full year 2022 results. The press release will be issued prior to market opening. CEO Jean-Marc Germain and CFO Peter Matt will lead the call.
Participants can join via telephone using access code 187102 by dialing USA: +1 646 664 1960 or other international numbers. A live webcast will be available on the Investor Relations page. An archived recording will be accessible for three weeks after.
Constellium (NYSE: CSTM) has completed the divestment of its Ussel plant to Noe Industries. This facility employs 250 people and generated approximately €20 million in revenue in 2021, specializing in precision casting for the aerospace and defense sectors. The transaction follows the successful regulatory consultation process with employee representatives. Specific terms of the deal will remain confidential. This divestment aligns with Constellium's strategy to streamline operations and focus on core business areas. In 2021, Constellium reported total revenue of €6.2 billion.
Constellium (NYSE: CSTM) has signed a multi-year contract with Daher to provide a variety of flat-rolled aluminium products for the TBM and Kodiak aircraft. This agreement marks Constellium's expansion in the business and regional jets market, establishing it as Daher’s strategic aluminium supplier. The two companies will collaborate on supply chain initiatives and product development, particularly focusing on sustainability and lightweight solutions for increasing production rates. Constellium’s facility in Issoire, France, will handle the supply.
Constellium SE (NYSE: CSTM) leads the CirConAl project, a £10 million initiative supported by the UK's Advanced Propulsion Centre to develop low carbon, cost-effective aluminium extrusion alloys. The project aims to utilize post-consumer scrap to produce high-strength alloys with minimal CO2 emissions. It focuses on enhancing scrap sorting technologies and meeting automotive OEM performance standards, promoting a circular economy. Constellium targets a 30% reduction in carbon emissions intensity by 2030 and aims for 50% of its aluminium to come from recycled sources.
Constellium (NYSE: CSTM) announced its role as the primary supplier of aluminium Auto Body Sheet for the all-new Maserati Grecale SUV. The company provides Surfalex® for the outer surfaces and its 5182 alloy for the inner structures, enhancing safety and efficiency due to aluminium's lightweight properties. This collaboration strengthens Constellium's position as a key player in the automotive sector, having supplied solutions for a significant number of vehicles in Europe and the U.S. in 2021, generating €6.2 billion in revenue.