Report

Constellium : Endless streams

Constellium's Investor Day in December 2018 provided management the opportunity to reaffirm its strategy. The group plans to remain focused on improving its credit metrics while developing and streamlining its industrial footprint. In what is still a buoyant context for aluminium, we believe it should be able to achieve its targets to grow FCF and reduce leverage. - >Support factors - Strong positioning and dynamic end markets. Constellium leads the pack in the majorit...
Underlying
Constellium SE Class A

Constellium N.V. designs and manufactures a range of innovative specialty rolled and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. Co. has a strategic footprint of manufacturing facilities located in the United States, Europe and China. Co.'s product portfolio commands higher margins as compared to less differentiated, more commoditized fabricated aluminum products, such as common alloy coils, paintstock, foilstock and soft alloys for construction and distribution. Co. organizes its business around three operating segments: Aerospace & Transportation, Packaging & Automotive Rolled Products, and Automotive Structures & Industry.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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