Constellium posts a 6% drop in revenue on muted aluminium demand. Will its FRP price rise compensate the loss?

Constellium SE, a Paris-based global manufacturer of aluminium rolled products, extruded products, and structural components made from advanced alloys, described 2024 as a challenging year, citing extreme weather conditions and weak demand from end markets as significant operational setbacks. At the end of February 2025, the company reported its financial results, mirroring the prolonged market downturn throughout the year.

The company’s revenue saw a hit of 6 per cent compared to the previous year and amounted to $7.3 billion, while its shipments decreased by 4 per cent to 1.4 million tonnes. Consequently, its net income plunged by 61.78 per cent from $157 million in 2023 to $60 million in 2024.

Adjusted EBITDA for the whole year was $623 million, down by 5.89 per cent Y-o-Y from $662 million. Among the major business segments Constellium reported Adjusted EBITDA of $285 million in aerospace & transportation, $242 million in packaging & automotive rolled products, and $74 million in automotive structures & industry after being impacted by the flood at Valais as operations were suspended during the middle of the year. Cash from operations at the end of 2024 was $301 million and free cash flow was $85 million.

The continued effects of the flood also weighed on Constellium’s fourth-quarter performance, leading to a 1 per cent drop in revenue to $1,721 million and net loss of $47 million compared to net income of $5 million in Q4 2023. Adjusted EBITDA amounted to $125 million, recording an annual decline of 23.78 per cent from $164 million, which shipment volume dropped 2.38 per cent Y-o-Y from 336,000 tonnes to 328,000 tonnes.