Constellium SE, a global leader in the design and manufacturing of high value-added aluminium products, has reported robust financial results for the first quarter ended March 31, 2025. Despite ongoing challenges, including reduced shipment volumes and lingering impacts from severe flooding in Switzerland, the company posted a solid increase in revenue and a strong rebound in net income.
Revenue for Q1 2025 reached USD 2 billion, reviving by 16.2 per cent from USD 1,721 million in the previous quarter and marking a 5 per cent rise year-over-year. Net income amounted to USD 38 million, reflecting a significant improvement from a net loss of USD 47 million in Q4 2024, and up 73 per cent from USD 22 million in Q1 2024.
Ajusted EBITDA in Q1 2025 was USD 186 million, up by 50 per cent from USD 125 million and 36 per cent higher than USD 137 million recorded in the earlier year. However, EBITDA from the company’s Aerospace & Transportation (A&T) and Aerospace, Scientific & Industrial (AS&I) segments remained below last year’s levels, totalling USD 75 million and USD 16 million, respectively. This decline was attributed to continued disruptions from unprecedented flooding in the Valais region of Switzerland, which severely impacted Constellium’s Sierre and Chippis facilities in October 2024.
Shipments were also low at 372,000 tonnes compared to 380,000 tonnes in the previous year, indicating a soft global demand for aluminium products. Nonetheless, this figure represented a recovery from 328,000 tonnes shipped in Q4 2024, signaling a quarter-over-quarter rebound in operations. The year-over-year financial improvement, despite the dip in shipments, was largely driven by a significant increase in aluminium market prices. The LME aluminium benchmark climbed above USD 2,700 per tonne in February and March, averaging over USD 2,600 per tonne across both months. This price surge boosted profit margins for aluminium producers, including Constellium.
Jean-Marc Germain, Constellium’s Chief Executive Officer, said: “Constellium delivered solid results in the first quarter despite continued demand weakness across most of our end markets outside of packaging and some lingering impacts from the flood last year at our Valais operations. I am proud of our team for their relentless focus on cost reduction efforts and commercial and capital discipline in this uncertain environment. Free Cash Flow was negative $3 million in the quarter, which includes a negative $27 million impact at Valais as the business continued to recover from the flood last year. We repurchased 1.4 million shares for $15 million during the quarter, and we ended the quarter with leverage at 3.3x.”
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