Constellium Se Stock Price, News & Analysis

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.

Constellium (NYSE: CSTM) has joined the First Movers Coalition, a global initiative aimed at accelerating zero-carbon technologies. By 2030, Constellium pledges that 10% of its primary aluminium purchases will be near-zero emissions and at least 50% of its aluminium will come from recycled sources. The company's commitment aligns with its target of a 30% reduction in carbon emissions intensity by 2030. The initiative, led by the World Economic Forum, includes over 50 firms striving for climate goals in hard-to-abate sectors.

Constellium SE (CSTM) reported third quarter 2022 results with net income of €131 million, a 32% increase from €99 million in Q3 2021. Revenue reached €2 billion, up 27% year-over-year, driven by higher metal prices and improved pricing mix, despite a 2% decrease in shipments to 387 thousand metric tons. Adjusted EBITDA was €160 million, a 12% increase from Q3 2021. For the first nine months, revenue was €6.3 billion, a 41% increase compared to the same period last year. The company anticipates Adjusted EBITDA in 2022 between €670 million and €690 million amid ongoing inflationary pressures.

Constellium (NYSE: CSTM) will host a conference call and webcast on October 26, 2022, at 10:00 AM EDT to discuss its third quarter 2022 results. The press release will be issued before market opening. The call will feature insights from Jean-Marc Germain, CEO, and Peter Matt, CFO. Access details for the conference call and presentation will be available on the Constellium Investor Relations page. Participants can dial in using various international numbers listed, with access code 483759.

Constellium SE (NYSE: CSTM) showcased its aluminium innovations at Aluminium 2022 in Düsseldorf from September 27-29, 2022. The theme, “Together we Care, Together we Grow,” highlights the collaborative efforts of employees, customers, and suppliers. Constellium displayed cutting-edge solutions across automotive, packaging, aerospace, and construction sectors, alongside aluminium powders for Additive Manufacturing. Keynote discussions on diversity and innovative aluminium powders took place, enhancing their industry presence and commitment to sustainability.

Constellium SE (NYSE: CSTM) has announced its supply of aluminium Auto Body Sheet solutions for the Mercedes-Benz C-Class, produced in Europe, China, and South Africa. The company provides aluminium for essential components such as the hood and fenders, utilizing its Surfalex® and Securalex® solutions, which enhance vehicle design, durability, and safety. This partnership showcases Constellium's capacity to manage complex global projects. Additionally, the ASI-certified plant in Neuf-Brisach, France, will deliver these solutions, contributing to Constellium's role as a leader in the automotive aluminium market.