Constellium: optimistic for 2024 despite uncertainties

(CercleFinance.com) - Constellium said on Wednesday that it was optimistic about its outlook for fiscal 2024, despite continuing uncertainties on the macroeconomic and geopolitical fronts.


The aluminum specialist says it is aiming for adjusted Ebitda of E740m to E770m this year, excluding the non-cash impact of metal price shifts.

In comparison, the group posted a 'record' adjusted Ebitda of E713m in 2023, up 6%.

However, due to inflationary pressures and headwinds in several markets, full-year sales fell by 11% to E7.2bn.

FY net profit came to E129m, compared with a profit of E308m in 2022.

The group, which forecasts free cash flow in excess of E130m this year, says that it remains confident in its ability to achieve adjusted Ebitda of over E800m in 2025, excluding the non-cash impact of the metal price lag.


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