Constellium Se Stock Price, News & Analysis

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.

Constellium SE (NYSE: CSTM) reported solid Q2 2022 results with revenue of €2.3 billion, a 50% increase from Q2 2021, driven by higher metal prices and improved volumes. Shipments reached 424 thousand metric tons (+4% YoY), and Value-Added Revenue (VAR) rose to €704 million (+22% YoY). However, the company reported a net loss of €32 million, down from a net income of €108 million in Q2 2021, largely due to unfavorable metal hedging impacts. Adjusted EBITDA grew by 17% to €198 million. The outlook for 2022 has been revised to reflect expected Adjusted EBITDA of €670 million to €690 million.

Constellium (NYSE: CSTM) will conduct a conference call and webcast on July 27, 2022, at 10:00 AM EDT to discuss its second quarter 2022 results. This information will be available via the Constellium Investor Relations page prior to market opening. CEO Jean-Marc Germain and CFO Peter Matt will host the call. To join by phone, participants can dial specific numbers provided for the USA, France, Germany, Switzerland, and the UK. An archived recording will be accessible on the Constellium website for three weeks following the event.