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Constellium SE (NYSE:CSTM), a leader in the secondary smelting and refining of nonferrous metals, has released its Proxy Statement in preparation for its upcoming Annual General Meeting (AGM) to be held on May 15, 2025, in Paris, France. The announcement comes just nine days before the company’s scheduled earnings release on April 23, 2025. The announcement was made today as part of a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC).According to InvestingPro data, management has been actively buying back shares, demonstrating confidence in the company’s future despite recent market challenges.
The Proxy Statement, along with a proxy card for U.S. shareholders and a notice regarding the availability of proxy materials on the internet, were included as exhibits in the filing. These documents provide shareholders with information necessary to cast their votes on corporate matters to be discussed during the AGM.
The company emphasized that the information furnished, including the exhibits, will not be considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor will it be incorporated by reference in any filing under the Securities Act of 1933, unless specifically noted in such filings.
Constellium SE, with headquarters in Paris, France, and principal executive offices in Baltimore, MD, United States, is known for its expertise in manufacturing and recycling aluminum products. The company’s ordinary shares are publicly traded on the New York Stock Exchange under the ticker symbol CSTM.
This news is based on a press release statement and provides shareholders and interested parties with the key details about the upcoming AGM, which is an essential part of the company’s annual corporate governance process.
In other recent news, Constellium has reported its fourth-quarter 2024 earnings, revealing a significant miss on both earnings per share (EPS) and revenue. The company posted an EPS of -$0.34, falling short of the expected $0.11, while revenue came in at $1.72 billion, below the forecasted $1.81 billion. Despite these setbacks, Constellium has set ambitious targets for 2025, aiming for an adjusted EBITDA of $600-630 million and a free cash flow exceeding $120 million. The company plans to continue investing in recycling and casting facilities, which are expected to drive long-term growth.
Moreover, Constellium’s full-year 2024 revenue declined by 6% to $7.3 billion, with net income dropping to $60 million from $157 million in 2023. This decline was attributed to challenges in the automotive sector and other market pressures. In a positive development, Deutsche Bank (ETR:DBKGn) has upgraded Constellium’s stock rating from Hold to Buy, reflecting confidence in the company’s strategic direction and financial transparency following its transition to U.S. GAAP reporting standards. The bank set a new price target of $15.00, up from $11.00.
Constellium’s strategic initiatives, including cost reduction and recycling investments, have been noted as key factors in the company’s future outlook. Despite the current challenges, the company remains optimistic about meeting its long-term financial goals, with plans to achieve an EBITDA of $900 million by 2028.
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