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
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prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.