Constellium IPO Info
Company Name: Constellium
Stock Symbol: CSTM
Exchange: NYSE
Status: Priced
IPO Date: 5/23/2013
IPO Price:
15.00 (
55.13%)
Underwriters
Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan
Amount of Offering: N/A
Number of Shares Offered: 22.222 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Constellium is a global leader in the design and manufacture of a broad range of innovative specialty rolled and extruded aluminum products, serving primarily the aerospace, packaging and automotive end-markets. The company has a strategic footprint of manufacturing facilities located in the United States, Europe and China. The business model is to add value by converting aluminum into semi-fabricated products.
Financial Data
For the years ended December 31, 2012, 2011 and 2010, the company shipped approximately 1,033 kt, 1,058 kt and 972 kt of finished products, generated revenues of €3,610 million, €3,556 million and €2,957 million, generated profits of €134 million and incurred losses of €174 million and €207 million for the periods respectively, and generated Adjusted EBITDA of €228 million, €160 million and €48 million, respectively. The financial performance for the year ended December 31, 2012 represented a 2% decrease in shipments, a 2% increase in revenues and a 43% increase in Adjusted EBITDA from the prior year.
News Headlines
