you, Jack. Thank
end sustainability-driven to discuss a aluminum, current is role. which infinitely today and secular our Let's markets serving recyclable our benefiting from portfolio growth, XX turn end Slide The majority a market light plays outlook. of material and in durable critical
facing in short the headwinds. markets are term, of However, these many
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markets. in defense Demand and and business jet the remains healthy regional
production remains demand we to and America Turning and while in where as of America, and greater is pre-COVID segments, in below vehicle North in automotive. below in further Europe, demand in quarter, automotive now premium soften vehicle vehicles particularly exposure. levels luxury well. levels. weakened electric the Automotive well OEM started Europe have to pre-COVID North flight still the In
X least global once automotive, at result a their the in of quarters. many reduce have we seen weakness automotive As last outlooks in the OEMs
the and term, use for will long of trends electrification In sustainability drive products. vehicle lightweighting aluminum demand to continue and
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packaging us, activity [ behind levels. turn long-term remains market outlook year-over-year but can aluminum stock ongoing in and both markets growing for end and ] to the to America at investments in here digits Let's below are the level now this healthy Longer is historical America and be by the North consumer grow North can Europe. to makers continue the remains mid-single low Inventory Promotional regions for preference North term, continues both to to retail in both in packaging. we as and adjustments can, capacity from sustainable beverage favorable evidenced expect America. up Europe. greenfield The in growth plans demand
a ahead budget. facility casting progress should [indiscernible] up and ramp September, schedule quarter running new recycling had production-wise. end and solid is slightly Our on its in has [indiscernible], started and quickly. center below in strong third The made and up of
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XX months represent markets the XX% core our of end As you page, revenue. can these see just X on last over
lastly Turning Other to Specialties.
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are including As a the industrial production environment markets rate on these drivers levels in of industrial dependent spending the reminder, consumer like the and economies health typically interest patterns. each region,
the We are economies business even the cost structure working when current will the hard to demand better put environment, to do recover. adjust our position industrial in which an
we we that and end in the of will the serve, the like our conditions that the an the markets is pass. strongly in the markets, for on each believe markets conclude current diversification To and company we of end asset any environment fundamentals
including region Valais. on region, late Switzerland you to In to June, activities turn want XX Slide Constellium flooding the elsewhere. devastated flooding unprecedented Valais now, which in impact an update give industrial the experienced and Please the and we at I of the of in
and were suspended. of underway X and to and are [indiscernible], Sierre [ a the with water on shops the were restore power extrusion at weeks and well ] and safety in severely operations and took to facilities plate focus site. Our efficiency. X strong to efforts X Sierre Cleaning Crest, The Sipes flooded were under feet it
as [ that extrusion restarting partially of mid-October our to complete transferring shops XXXX. report by the plate and operations have and facilities ramp-up implemented, to next operations Zing both other for anticipate November resumed in end end aim plate quarter we extrusion some the year. pleased production plans such ]. by production XXXX, of as I'm first currently the Eswar We and have of and full been to the including Mitigation business the
Valais million to flow. financial also impact XX local flood recover ensure EBITDA able against as third result year in of long-term and with are the customers. it EUR cash authorities of secure of the this the We at some adjusted of inventory X discussing The to flooding million was of site and the We're viability. a ship to its future actively quarter EUR free and
in EUR in the the insurance XX we be receipts some and payments. expect currently including free EUR and We impact XXXX remaining insurance For assumption production ramp will cash year XX in EUR full adjusted to million of to of expect of as currently we partial the some facilities million to of cost the XX continue of early EUR expect million to million flow proceeds XXXX, impact XXXX. of also EBITDA the XX
proceeds received adjusted accounted insurance below are the EBITDA. of All for
July. total As we to slightly estimate of today, favorable from believe that in of the impact the flood will original come our
Most "When gives accurate I an of with saying, you lemonade." are in our familiar Valais. lemon, for statement situation life make think that you is the Well,
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and We XX. messages our guidance. Turning now to financial Slide detail key
weakness has as spread end now quarter markets accelerated quarter end was mentioned other to challenging in the markets. during weakness third for I As and us some demand several very earlier, the
to surprised We deteriorated we EBITDA current with Based to XXXX, rapidly range EUR lag. the on conditions, July. the XXXX how conditions market noncash EUR full for weak market are our since million impact see excludes price expect in be million. in in to of XX outlook XXX these of adjusted and of year the in metal from This million Switzerland the impact XXX EUR to excludes onetime an estimated flood XX million EUR
everything our support working to costs levels doing are we working capital the business, demand can environment. We to in and are reduce to the we current manage
the is are Given noncash the metal and lag pending most impact with price also recovery. adjusted signs experiencing more At EUR of no we of we cautious excluding delayed In near our recovery markets today the softness as into our XXXX. of we the market million, end across are stage, term, in EBITDA target head near our including our business and great adjusted of and XXX this over terms year, casting to within EBITDA up aerospace as XXXX. better across in this new the July contractual efforts of are as we in our drivers the ramping term, discussed control, costs reduce Vision such center that increasing part year we have drivers in our recycling several next
Muscle significant that X assume events also repeat. the XXXX We in Shoals the Valais not weather do and in
intact. driving will our We do create that And the when long-term it are secular growth in markets upside. fundamentals markets remain recover, confident additional
addition, quarters, organic up will new we to and the are making several XXXX In years start will few the to in EBITDA that beyond adjusted we XXXX. last outlined ramp in have over investments contribute
about while conclude, markets of our I conditions today, are this very we believe future. will most we too that challenging remain in pass, our facing and very To excited
the right to the demonstrated know have in We crisis. that again right we products strategy we and the markets over over how have teams, that right right the and overcome
resilient. is model and flexible Our business
conditions. have options Our diversified in allows us portfolio market to different very
our customers crisis we balance the need sustainable respond and both weather and products to society. sees growing of our and We and high-value recyclable opportunities have built the to needs sheet
our value creation. long-term success focused well remain We on strategy positioned shareholder executing and are and for
we the Drew, now session, Q&A will open that, please. With
