Constellium Se Stock Price, News & Analysis

Constellium (NYSE: CSTM) announced a cash tender offer to purchase all of its outstanding 6.625% Senior Notes due 2025, totaling $650 million. The offer expires on February 19, 2021, with a settlement date expected on February 24, 2021. The tender offer will require financing through an offering of unsecured notes. Holders of the notes can withdraw their tenders by the specified deadlines. The company also plans to redeem all outstanding notes at 101.656% of the principal amount on March 11, 2021, subject to certain conditions.

Constellium SE (NYSE: CSTM) announced preliminary fourth quarter 2020 results, indicating shipments of about 374 thousand tons, a 2% increase year-over-year. Revenue is projected between €1.24 billion and €1.25 billion, reflecting a 9% decline from Q4 2019. The income before tax is expected to range from €11 million to €29 million, while adjusted EBITDA is anticipated between €106 million and €116 million, representing a decrease of 4% to 12%. Net cash flow from operating activities is estimated at €327 million to €337 million for 2020, with free cash flow of €150 million to €160 million.

A conference call to discuss the results will take place on February 25, 2021.

Constellium (NYSE: CSTM) announced plans to enhance its recycling capacity in Europe, aiming to add at least 60 kt of annual capacity. This initiative supports its automotive and packaging sectors, reflecting its commitment to sustainability and ESG objectives. The project is expected to rely on recycled aluminium, which significantly reduces energy consumption and CO₂ emissions. Finalization of the project scope is anticipated by the end of 2021, with production set to begin within two years post-construction. Constellium generated €5.9 billion in revenue in 2019.

Constellium and Novelis have launched Alumobility, a non-profit organization aimed at promoting the adoption of aluminum in automotive manufacturing. This global alliance focuses on developing practical solutions for lighter, safer, and more sustainable vehicles. Alumobility aims to drive technical innovations such as next-generation aluminum door designs and a competitive all-aluminum structural B-pillar. The initiative highlights aluminum's role in electric vehicles and emphasizes sustainability through recycling and reduced carbon emissions. An executive director will be appointed soon to lead this collaborative effort.

Constellium SE (NYSE: CSTM) announced the launch of Project ISA3, a €7 million R&D initiative in collaboration with Groupe Renault, ESI Group, and the University of Lorraine. This project aims to develop lightweight, recyclable aluminum solutions for the automotive sector to facilitate the transition from steel to aluminum. A key goal is to reduce the cost of aluminum parts, particularly doors, by half. Additionally, the project focuses on enhancing the recycling process to minimize environmental impact and is scheduled to run through 2023, partially funded by Bpifrance.

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.