Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Constellium First Quarter 2021 Results Conference Call. [Operator Instructions] Please be advised that today s conference may be recorded. [Operator Instructions] I would now like to hand the conference over to your speaker today, Ryan Wentling, Head of Investor Relations. Please go ahead.
Ryan Matthew Wentling
Director of Investor Relation
Thank you, operator. I would like to welcome everyone to our first quarter 2021 earnings call. On the call today are our Chief Executive Officer, Jean-Marc Germain; and our Chief Financial Officer, Peter Matt. After the presentation, we will have a Q&A session. A copy of the slide presentation for today s call is available on our website at constellium.com, and today s call is being recorded. Before we begin, I d like to encourage everyone to visit the company s website and take a look at our recent filings. Today s call may include forward-looking statements withi
Constellium Paris: Constellium Reports First Quarter 2021 Results
First quarter 2021 highlights:
Revenue of €1.3 billion, down 7% compared to Q1 2020
Net income of €48 million compared to net loss of €31 million in Q1 2020
Adjusted EBITDA of €121 million, down 18% compared to Q1 2020
Cash from Operations of €75 million and Free Cash Flow of €46 million
Net debt / LTM Adjusted EBITDA of 4.6 at March 31, 2021
Jean-Marc Germain, Constellium s Chief Executive Officer said, Our team delivered solid first quarter results. Better-than-expected market demand and excellent cost performance propelled us above the top end of our Adjusted EBITDA guidance range. P&ARP demonstrated strong cost control, which helped to offset the effects of several one-off events. A&T results continue to be negatively affected by weak aerospace demand; however, TID has been a bright spot, with improving demand in both the U.S. and Europe. AS&I reported record first quarter Adjusted EBITDA and re
Constellium Paris: Constellium to Report First Quarter 2021 Results on April 28, 2021 Wednesday, April 28 at 11 a.m.
(Eastern Daylight Time) to announce its first quarter 2021 results. The press release will be sent before market opening.
The conference call will be hosted by Jean-Marc Germain, Chief Executive Officer, and Peter Matt, Executive Vice President and Chief Financial Officer.
Details of the conference call, webcast and accompanying presentation will be available on the Constellium Investor Relations page at:
https://www.constellium.com/financial-results-presentations
https://edge.media-server.com/mmc/p/2ukrjzst
To participate by telephone, please dial the following number and enter access code 1555229 to be connected to the Constellium earnings call:
Constellium Paris: Constellium releases 2020 Business and Sustainability Report
PARIS, March 17, 2021, outlining the company s progress on its sustainability goals. The company is also focusing on its 2030 sustainability roadmap, with the aim to achieve climate neutrality by 2050. I am proud of our significant progress in 2020 despite the challenging environment of the COVID-19 crisis. Sustainability is at the core of our business, as Constellium benefits from the inherent attributes of aluminium, a light but strong metal that is fully and easily recyclable , said Jean-Marc Germain, CEO of Constellium. Our Environmental, Social, and Governance strategy and roadmap for 2030 are taking shape, with initiatives to include offering additional responsible products, increasing recycling, and reducing greenhouse gas emissions and waste. I believe that this is an opportunity to meet societal expectations and play our part in the fight against climate change, and to add more value for our