France's Constellium Q1 revenue rises on metal prices

Constellium SE

29/04/2026 11:09

Overview

France-based aluminum products supplier's Q1 revenue rose 24% yr/yr on higher metal prices

Q1 adjusted EBITDA helped by record segment results and metal price lag

Company repurchased 1.2 mln shares for $28 mln and raised 2026 EBITDA, cash flow outlook

Outlook

Constellium raises 2026 Adjusted EBITDA guidance to $900 mln-$940 mln, excluding metal price lag

Company expects 2026 Free Cash Flow in excess of $275 mln

Result Drivers

HIGHER METAL PRICES - Revenue growth was primarily driven by higher revenue per ton, including higher metal prices

SEGMENT PERFORMANCE - Record adjusted EBITDA in P&ARP and A&T segments was driven by favorable price/mix, improved metal costs, and supply shortages of automotive rolled products in North America

METAL PRICE LAG - Positive non-cash metal price lag impact contributed $97 mln to adjusted EBITDA

Company press release: ID:nGNX8yFKxC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$2.46 bln
Q1 Net Income
$196 mln
Q1 Adjusted EBITDA
$359 mln
Q1 Free Cash Flow
$5 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)