Constellium : Pas de (fort) catalyseur à court terme malgré l’amélioration attendue au S2
La direction a confirmé ses objectifs pour 2024 en dépit d’un T1 plutôt faible, et un T2 qui devrait également être en baisse sur 1 an. Cependant, les perspectives restent positives pour les marchés finaux les plus importants de Constellium, avec une bonne dynamique dans l’industrie aérospatiale et un redressement de l’industrie de l’emballage. Nos attentes de FCF positif pour 2024 seront probablement contrebalancées par le plan de rachat d’actions pour lequel la direction utilis...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.
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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