AMSTERDAM, the Netherlands, June 19, 2017 (GLOBE NEWSWIRE) -- Constellium N.V. (NYSE:CSTM) (Euronext Paris:CSTM) today released its 2016 Annual Business and Sustainability Performance Report, evaluating its performance against its 2020 targets.
"At Constellium, we're committed to integrating sustainability into the very heart of our business, where our efforts create value for our customers, our shareholders, our employees and the communities we proudly serve," said Arnaud Jouron, Chairman of Constellium's Sustainability Council and President of Constellium's Packaging and Automotive Rolled Products business unit.
Most sustainability objectives are on track, namely:
The following sustainability objectives need some improvement, and we are implementing corrective actions to address them with the objective of getting back on track by the end of 2017:
To learn more about Constellium's sustainability progress and to download our 2016 business and sustainability report, please visit http://www.constellium.com/sustainability
Constellium (NYSE:CSTM) (Euronext Paris:CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €4.7 billion of revenue in 2016.
Forward Looking Statement
Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may contain "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 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. These risks and uncertainties include, but are not limited to, the ability of Constellium and Wise Metals to achieve expected synergies and the timing thereof; Constellium's increased levels of indebtedness, which could limit Constellium's operating flexibility and opportunities; the potential failure to retain key employees, the loss of customers, suppliers and other business relationships slower or lower than expected growth in the North American market for Body-in-White aluminium rolled products, and other risk factors set forth under the heading "Risk Factors" in our Annual Report on Form 20-F, and as described from time to time in subsequent reports filed with the U.S. Securities and Exchange Commission. 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. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.
1Recordable Case Rate measures the number of fatalities, serious injuries, lost-time injuries, restricted work injuries or medical treatments per one million hours worked.
Christel des Royeries - Europe Phone: +33 1 73 01 46 73 firstname.lastname@example.org Delphine Dahan-Kocher - US Phone: +1 212 858 9963 email@example.com Catherine Athenes - Sustainability Phone: +33 (0) 1 73 01 46 85 firstname.lastname@example.org Ryan Wentling - Investor Relations Phone: +1 (212) 675-5450 email@example.com
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