Constellium N.V (CSTM)

[rrojarom]

Amsterdam – April 27, 2017 – Constellium N.V. (NYSE and Euronext Paris: CSTM) today reported results for first quarter ended March 31, 2017.

Shipments of 375 thousand metric tons; Automotive shipments up 20% compared to Q1 2016
Revenue of €1.3 billion, up 15% compared to Q1 2016 on higher aluminum prices and increased shipments
Net income of €13 million compared to a net loss of €8 million in Q1 2016
Adjusted EBITDA of €93 million
Refinanced the Wise Senior Secured Notes with Constellium Senior Notes
Launched “Project 2019” – a cash improvement initiative focused on reducing costs, working capital, and capital expenditures
Jean-Marc Germain, Constellium’s Chief Executive Officer said, “I am pleased with our first quarter results. AS&I continued its strong momentum and reported record Adjusted EBITDA, while A&T and P&ARP overcame headwinds to deliver solid results. We remain optimistic on the prospects for 2017 and confident in our ability to deliver high single digit Adjusted EBITDA growth this year.”

Mr. Germain continued, “We are focused on executing our strategy and increasing shareholder value. Concluding our peak capital spending needs in 2016 and addressing our capital structure through the February refinancing represented two important steps on our journey. Launching Project 2019 earlier this month was another critical milestone. We continue to expect Adjusted EBITDA growth in the high single digits annually, leading to over €500 million of Adjusted EBITDA in 2020.”