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Constellium Paris: Constellium Reports Second Quarter 2021 Results

Constellium Paris: Constellium Reports Second Quarter 2021 Results
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Investegate |Constellium Paris Announcements | Constellium Paris: Constellium Reports Second Quarter 2021 Results

Investegate |Constellium Paris Announcements | Constellium Paris: Constellium Reports Second Quarter 2021 Results
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Constellium Paris: Constellium Reports First Quarter 2021 Results

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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