Constellium reported a net loss for its fourth quarter on Thursday, but the presentation of ambitious long-term objectives led to a sharp rise in its share price on Wall Street.

The aluminum producer said this morning that it expected to generate adjusted Ebitda of $900 million by 2028, with free cash flow of $300 million.

By way of comparison, the group generated adjusted Ebitda of $623 million in 2024, while its free cash flow was negative by $100 million.

For 2025, CEO Jean-Marc Germain said he expected economic conditions to remain difficult in the early part of the year, while expecting aluminum produced in the USA to become more competitive compared with foreign products with the new tariffs promised by Donald Trump.

Constellium says it expects adjusted EBITDA of $600 to $630 million this year, with expected free cash flow of over $120 million.

The Paris-headquartered, New York-listed group was formed from the merger of the aluminum transformation activities of the Péchiney and Alcan groups.

The share price climbed over 13% on Thursday morning following these announcements.

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