Constellium net dips despite solid aerospace, auto marts

Nov 14, 2013 | 01:55 PM | Michael Cowden

Tags  Constellium, Pierre Vareille, Ravenswood plant, aerospace, Airbus, automotive, canstock, foil stock soft alloys

CHICAGO — Constellium NV’s profits narrowed in the third quarter as a weak U.S. dollar dented results despite gains in the aerospace and automotive sectors.

The Amsterdam-based aluminum company reported net income of €45 million ($60.5 million) for the three months ended Sept. 30, down 8.2 percent from €49 million in the year-ago quarter on revenue that dipped 2.6 percent to €862 million ($1.2 billion). ....

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