Given The Uncertainty Around The Impact of The Severe Flooding At Its Facilities In Switzerland, Including The Extent Of The Damage And The Timing To Restart Production, Constellium Is Pausing Its FY24 Guidance For Adj. EBITDA
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Constellium has paused its FY24 guidance for adjusted EBITDA due to uncertainty around the impact of severe flooding at its facilities in Switzerland. The extent of the damage and the timing to restart production are currently unknown.
July 23, 2024 | 10:14 am
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Constellium has paused its FY24 guidance for adjusted EBITDA due to severe flooding at its facilities in Switzerland. The extent of the damage and the timing to restart production are currently unknown.
The severe flooding at Constellium's facilities in Switzerland has created significant uncertainty regarding the extent of the damage and the timeline for resuming production. This has led the company to pause its FY24 guidance for adjusted EBITDA, which is likely to negatively impact investor sentiment and the stock price in the short term.
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