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Constellium NV (CSTM.N)

CSTM.N on New York Stock Exchange

9.07USD
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Constellium NV Says Updating 2018 Adj EBITDA Guidance To €495 Mln - €500 Mln
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Constellium NV ::CONSTELLIUM NV - UPDATING 2018 ADJUSTED EBITDA GUIDANCE TO €495 MILLION TO €500 MILLION.CONSTELLIUM NV SEES 2019 ADJUSTED EBITDA GROWTH OF 8% TO 10%.CONSTELLIUM NV SEES 2019 CAPEX €265 MILLION.CONSTELLIUM NV SEES 2020 ADJUSTED EBITDA OF OVER €700 MILLION.  Full Article

Constellium To Purchase UACJ’s Stake In Auto Body Sheet JV
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Constellium NV ::CONSTELLIUM TO PURCHASE UACJ’S STAKE IN AUTO BODY SHEET JOINT VENTURE IN BOWLING GREEN, KENTUCKY.CONSTELLIUM NV - DEAL FOR $100 MILLION PLUS ASSUMPTION OF 49% OF APPROXIMATELY $80 MILLION OF THIRD PARTY DEBT AT CUA..CONSTELLIUM NV - CONSTELLIUM CONTRACTED WITH TAAH FOR SUPPLY OF COLD COILS FROM ITS LOGAN PLANT IN KENTUCKY FOR UP TO FIVE YEARS.CONSTELLIUM NV - CONSTELLIUM'S PLANT IN MUSCLE SHOALS, ALABAMA, WILL CONTINUE TO RAMP-UP ITS AUTO BODY SHEET SUBSTRATE CAPABILITY.CONSTELLIUM NV - WITH A CAPACITY OF 100,000 METRIC TONS, BOWLING GREEN'S FACILITY IS EXPECTED TO REACH FULL PRODUCTION IN 2020.CONSTELLIUM - ENTERED AGREEMENT WITH UACJ CORPORATION, ITS U.S. SUBSIDIARY TO BUY TAAH'S 49% STAKE IN CONSTELLIUM-UACJ ABS LLC.  Full Article

Constellium Reports Q3 Revenue EUR 1.4 Billion
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Constellium NV ::CONSTELLIUM REPORTS THIRD QUARTER 2018 RESULTS.Q3 REVENUE EUR 1.4 BILLION VERSUS I/B/E/S VIEW EUR 1.39 BILLION.QTRLY SHIPMENTS OF 379 THOUSAND METRIC TONS, UP 1% COMPARED TO Q3 2017.QTRLY EXPECT ADJUSTED EBITDA GROWTH IN A RANGE OF 11% TO 13% IN 2018.EXPECT ADJUSTED EBITDA GROWTH IN HIGH SINGLE DIGITS IN 2019.QTRLY EARNINGS PER SHARE 1.54 EUROS.  Full Article

Constellium Expands Operations In Neckarsulm – Dahenfeld, Germany
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Constellium NV ::CONSTELLIUM EXPANDS OPERATIONS IN NECKARSULM – DAHENFELD, GERMANY TO INCREASE SUPPLY OF ALUMINIUM AUTOMOTIVE STRUCTURES.CONSTELLIUM CURRENTLY EMPLOYS 145 PEOPLE IN DAHENFELD AND EXPECTS TO CREATE ABOUT 30 NEW JOBS AT PLANT BY END OF 2019.  Full Article

Constellium Signs A Multi-Year Contract With Boeing
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Constellium NV ::CONSTELLIUM SIGNS A MULTI-YEAR CONTRACT WITH BOEING TO SUPPLY ADVANCED AEROSPACE ALUMINIUM SOLUTIONS.CONSTELLIUM NV - WILL SUPPLY BOEING WITH RANGE OF ADVANCED ALUMINIUM ROLLED PRODUCTS COMING MOSTLY FROM ITS PLANT IN RAVENSWOOD.  Full Article

Constellium Reports Qtrly Earnings Per Share EUR 0.39
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Constellium NV ::CONSTELLIUM REPORTS SECOND QUARTER 2018 RESULTS.Q2 REVENUE EUR 1.5 BILLION VERSUS I/B/E/S VIEW EUR 1.48 BILLION.PROJECT 2019 RUN-RATE COST SAVINGS OF EUR 32 MILLION ACHIEVED AS OF JUNE 30, 2018.QTRLY SHIPMENTS OF 397 THOUSAND METRIC TONS, UP 4% COMPARED TO Q2 2017.NOW EXPECT OVER EUR 500 MILLION OF ADJUSTED EBITDA IN 2019, WHICH IS ONE YEAR AHEAD OF PREVIOUS GUIDANCE OF 2020.QTRLY EARNINGS PER SHARE EUR 0.39.Q2 EARNINGS PER SHARE VIEW EUR 0.26 -- THOMSON REUTERS I/B/E/S.  Full Article

CONSTELLIUM PRICES NOTES OFFERING
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Constellium Nv ::CONSTELLIUM PRICES NOTES OFFERING.‍PRICED PRIVATE OFFERING OF $500 MILLION OF SENIOR UNSECURED NOTES DUE 2026 AND EUR 400 MILLION OF SENIOR UNSECURED NOTES DUE 2026​.‍DOLLAR NOTES WILL BEAR INTEREST AT A RATE OF 5.875% PER ANNUM, AND EURO NOTES WILL BEAR INTEREST AT A RATE OF 4.250% PER ANNUM​.‍NOTES WILL BE GUARANTEED ON A SENIOR UNSECURED BASIS BY CERTAIN OF COMPANY'S SUBSIDIARIES​.  Full Article

Constellium launches cash tender offers for any and all of its outstanding 7.875 percent senior secured notes
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Constellium Nv :Constellium launches cash tender offers for any and all of its outstanding 7.875 percent senior secured notes due 2021, 7.00 percent senior notes due 2023 and 8.00 percent senior notes due 2023.Constellium NV says tender offers currently scheduled to expire at 5:00 p.m New York City time, on Nov 6, 2017​.  Full Article

Constellium launches ordinary shares and notes offerings
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Constellium Nv ::Expects to offer 22 million newly issued Class A ordinary shares in an underwritten public offering​.Intends to offer about $450 million of U.S. dollar denominated senior unsecured notes due 2026.Also intends to offer approximately EUR 400 million of Euro denominated senior unsecured notes due 2026​.Expects to use proceeds from offering, cash on hand, to repurchase outstanding 7.875 percent senior secured notes due 2021​, among others.  Full Article

Constellium reports Q3 revenue of 1.3 bln euros
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Constellium Nv :Constellium reports third quarter 2017 financial results.Q3 revenue EUR 1.3 billion versus i/b/e/s view EUR 1.36 billion.Qtrly ‍revenue of EUR 1.3 billion, up 7% compared to q3 2016 on higher aluminium prices​.Qtrly ‍net income of EUR 21 million compared to EUR 15 million in Q3 2016​.Qtrly shipments of 374 thousand metric tons, down 1% compared to Q3 2016; automotive shipments up 32% compared to Q3 2016‍​.Qtrly adjusted EBITDA of EUR 111 million, up 15% from Q3 2016; YTD 2017 adjusted EBITDA up 12% from YTD 2016.Updating guidance for adjusted EBITDA growth in 2017 to around 13%.Continue to expect adjusted EBITDA growth in high single digits annually for next 3 years, leading to over EUR 500 million of adjusted EBITDA in 2020.Capital expenditures are on track to meet company's previous guidance of EUR 275 million for 2017.  Full Article

UPDATE 3-U.S. locks in duties on Chinese aluminum sheet imports

WASHINGTON, Dec 7 The U.S. International Trade Commission said on Friday it made a final determination that American producers were being harmed by imports of common alloy aluminum sheet products from China, a finding that locks in duties on the products.