Constellium SE Files 20-F Annual Report for Fiscal Year 2023

Ticker: CSTM · Form: 20-F · Filed: Mar 18, 2024 · CIK: 1563411

Sentiment: neutral

Topics: Constellium SE, 20-F Filing, Annual Report, 2023 Fiscal Year, Financials

TL;DR

<b>Constellium SE has submitted its 20-F annual report detailing its 2023 fiscal year performance and financial standing.</b>

AI Summary

CONSTELLIUM SE (CSTM) filed a Foreign Annual Report (20-F) with the SEC on March 18, 2024. Constellium SE filed its 20-F annual report for the fiscal year ended December 31, 2023. The report covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located in Paris, France. Constellium SE is classified under SIC code 3341: Secondary Smelting & Refining of Nonferrous Metals. The filing was made on March 18, 2024.

Why It Matters

For investors and stakeholders tracking CONSTELLIUM SE, this filing contains several important signals. This filing provides a comprehensive overview of Constellium SE's financial health and operational activities for the 2023 fiscal year, crucial for investors assessing the company's performance and future prospects. As a 20-F filing, it offers detailed financial statements and disclosures required for foreign private issuers, enabling a deeper understanding of the company's compliance and strategic direction.

Risk Assessment

Risk Level: CSTM — CONSTELLIUM SE shows moderate risk based on this filing. The filing is a standard annual report (20-F) and does not contain new or unexpected negative information, indicating a stable disclosure environment.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 20-F filing to understand Constellium SE's performance and strategic positioning for 2024.

Key Players & Entities

FAQ

When did CONSTELLIUM SE file this 20-F?

CONSTELLIUM SE filed this Foreign Annual Report (20-F) with the SEC on March 18, 2024.

What is a 20-F filing?

A 20-F is a annual report for foreign private issuers, equivalent to a 10-K but following international reporting standards. This particular 20-F was filed by CONSTELLIUM SE (CSTM).

Where can I read the original 20-F filing from CONSTELLIUM SE?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CONSTELLIUM SE.

What are the key takeaways from CONSTELLIUM SE's 20-F?

CONSTELLIUM SE filed this 20-F on March 18, 2024. Key takeaways: Constellium SE filed its 20-F annual report for the fiscal year ended December 31, 2023.. The report covers the period from January 1, 2023, to December 31, 2023.. The company's principal executive offices are located in Paris, France..

Is CONSTELLIUM SE a risky investment based on this filing?

Based on this 20-F, CONSTELLIUM SE presents a moderate-risk profile. The filing is a standard annual report (20-F) and does not contain new or unexpected negative information, indicating a stable disclosure environment.

What should investors do after reading CONSTELLIUM SE's 20-F?

Investors should review the detailed financial statements and risk factors within the 20-F filing to understand Constellium SE's performance and strategic positioning for 2024. The overall sentiment from this filing is neutral.

How does CONSTELLIUM SE compare to its industry peers?

Constellium SE operates in the secondary smelting and refining of nonferrous metals industry, a sector critical for supplying materials to automotive, aerospace, and packaging industries.

Are there regulatory concerns for CONSTELLIUM SE?

As a foreign private issuer, Constellium SE is subject to SEC regulations, including the filing of Form 20-F, which mandates comprehensive financial and operational disclosures.

Industry Context

Constellium SE operates in the secondary smelting and refining of nonferrous metals industry, a sector critical for supplying materials to automotive, aerospace, and packaging industries.

Regulatory Implications

As a foreign private issuer, Constellium SE is subject to SEC regulations, including the filing of Form 20-F, which mandates comprehensive financial and operational disclosures.

What Investors Should Do

  1. Review the detailed financial statements for FY 2023.
  2. Analyze any new risk factors disclosed in the filing.
  3. Assess the company's strategic outlook based on the management discussion and analysis.

Key Dates

Year-Over-Year Comparison

This filing represents the annual disclosure for the fiscal year 2023, following previous filings which would have covered prior periods.

Filing Stats: 4,408 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2024-03-18 08:46:43

Filing Documents

Identity of Directors, Senior Management and Advisers

Item 1. Identity of Directors, Senior Management and Advisers 1

Offer Statistics and Expected Timetable

Item 2. Offer Statistics and Expected Timetable 1

Key Information

Item 3. Key Information 1

Information on the Company

Item 4. Information on the Company 13

Unresolved Staff Comments

Item 4A. Unresolved Staff Comments 36

Operating and Financial Review and Prospects

Item 5. Operating and Financial Review and Prospects 36

Directors, Senior Management and Employees

Item 6. Directors, Senior Management and Employees 56

Major Shareholders and Related Party Transactions

Item 7. Major Shareholders and Related Party Transactions 77

Financial Information

Item 8. Financial Information 81

The Offer and Listing

Item 9. The Offer and Listing 83

Additional Information

Item 10. Additional Information 83

Quantitative and Qualitative Disclosures About Market Risk

Item 11. Quantitative and Qualitative Disclosures About Market Risk 104

Description of Securities Other than Equity Securities

Item 12. Description of Securities Other than Equity Securities 104 Part II 105

Defaults, Dividend Arrearages and Delinquencies

Item 13. Defaults, Dividend Arrearages and Delinquencies 105

Material Modifications to the Rights of Security Holders and Use of Proceeds

Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 105

Controls and Procedures

Item 15. Controls and Procedures 105

Audit Committee Financial Expert

Item 16A. Audit Committee Financial Expert 106

Code of Ethics

Item 16B. Code of Ethics 106

Principal Accountant Fees and Services

Item 16C. Principal Accountant Fees and Services 106

Exemptions from the Listing Standards for Audit Committees

Item 16D. Exemptions from the Listing Standards for Audit Committees 107

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 107

Change in Registrant's Certifying Accountant

Item 16F. Change in Registrant's Certifying Accountant 107

Corporate Governance

Item 16G. Corporate Governance 108

Mine Safety Disclosure

Item 16H. Mine Safety Disclosure 112

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 112

Insider Trading Policies

Item 16J. Insider Trading Policies 113

Cybersecurity

Item 16K. Cybersecurity 113 Part III 115

Financial Statements

Item 17. Financial Statements 115

Financial Statements

Item 18. Financial Statements 115

Exhibits

Item 19. Exhibits 115 Index to Financial Statements F-1 -i- SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS This annual report on Form 20-F (this "Annual Report") of Constellium SE ("Constellium SE" or "the Company", and when referred to together with its subsidiaries, "the Group" or "Constellium") contains "forward-looking statements" with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify certain forward-looking statements because they contain words such as, but not limited to, "believes," "expects," "may," "should," "approximately," "anticipates," "estimates," "intends," "plans," "targets," "likely," "will," "would," "could" and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets. Others are more specific to our business and operations. The occurrence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Actual results may differ materially from the forward-looking statements contained in this Annual Report. Important factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements are disclosed under "Item 3. Key Information—D. Risk Factors" and elsewhere in this Annual Report, including, without limitation, in conjunction with the forward-looking statements included in this Annual Report. All forward-looking statements in this Annual Report and subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements. Some of the factors that we believe could materially affect our results include: We may not be able to compe

Identity of Directors, Senior Management and Advisers

Item 1. Identity of Directors, Senior Management and Advisers Not applicable.

Offer Statistics and Expected Timetable

Item 2. Offer Statistics and Expected Timetable Not applicable.

Key Information

Item 3. Key Information A. Selected Financial Data Reserved. B. Capitalization and Indebtedness Not applicable. C. Reasons for the Offer and Use of Proceeds Not applicable. D. Risk Factors You should carefully consider the risks and uncertainties described below and the other information in this Annual Report. Our business, financial condition or results of operations could be materially and adversely affected if any of these risks occurs, and as a result, the market price of our outstanding securities could decline. This Annual Report also contains forward-looking statements that involve risks and uncertainties. See "Special Note About Forward-Looking Statements." Our actual results could differ materially and adversely from those anticipated in these forward-looking statements as a result of certain factors. BUSINESS AND OPERATIONAL RISKS We may not be able to compete successfully in the highly competitive markets in which we operate, and new competitors could emerge, which could negatively impact our market share, sales volumes and selling prices. We are engaged in a highly competitive industry and compete in the production and sale of rolled and extruded aluminium products with a number of other producers, some of which are larger and have greater financial and technical resources than we do. As a result, these competitors may have an advantage over us in their abilities to research and develop technology, pursue acquisitions, investments and other business opportunities, market and sell their products and services, capitalize on market opportunities, enter new markets, and withstand business interruptions, pricing reductions, or adverse industry or economic conditions. In addition, producers with a lower cost basis may, in certain circumstances, have a competitive advantage. Further, a current or new competitor may add or build new capacity, which could increase competitive pressure in our markets. New competitors could emerge within aluminiu

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