Send PM
Followers 27
Posts 2150
Boards Moderated 0
Alias Born 01/29/2015

Re: None

Thursday, 04/27/2017 7:08:28 AM

Thursday, April 27, 2017 7:08:28 AM

Post# of 30
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.”


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Recent CSTM News

Israeli Cannabis Technology Company BYND Cannasoft Enterprises Inc. Files EZ-G Patent Application to Include Double Faceted Condom BYND Dec 2, 2022 10:38 AM

Healixa Inc. Appoints Former Acting Secretary of Defense of The United States Christopher C. Miller to Its Advisory Board EMOR Dec 1, 2022 9:20 AM

Kona Gold Beverage, Inc's Gold Leaf Distribution Subsidiary Posts Record Revenue Month in November KGKG Dec 1, 2022 9:00 AM

Mullen Automotive Officially Closes on Acquisition of ELMS Assets, Takes Possession of Plant in Mishawaka, Ind., All Intellectual Property and Related Inventory MULN Dec 1, 2022 8:31 AM

HealthLynked Announces Points Reward Program for Online Medical Supplies Purchases HLYK Dec 1, 2022 8:00 AM

InnerScope Hearing Technologies (OTC: INND) Launches Its iHEAR Brand of OTC Hearing Aids on CVS.com INND Dec 1, 2022 8:00 AM

Aduro Announces Completion of Mechanical Assembly of its R2 Plastic Reactor ACT Dec 1, 2022 7:59 AM

Fission 3.0 Intersects Off-Scale Mineralization in the First Follow Up Hole at PLN A1 Discovery FUU Nov 30, 2022 8:21 AM

Healixa Expands Advisory Board with Appointment of Accomplished C-Level Executive with History of Accelerating Profitable Growth EMOR Nov 29, 2022 9:26 AM

AgriFORCE Receives Patent Allowance from the United States Patent and Trademark Office Related to its Proprietary Process and Technologies for the UN(THINK) Foods Brand AGRI Nov 29, 2022 9:24 AM

Kona Gold Beverage, Inc Partners with Strategy & Execution Inc to Accelerate Beverage Growth in 2023 KGKG Nov 29, 2022 9:00 AM

Nextech AR CEO Evan Gappelberg Buys 250,000 Shares of Company Stock In Open Market Purchases NTAR Nov 29, 2022 7:15 AM

Goldshore Intersects Additional High-Grade Shears in the QES Zone at the Moss Lake Gold Project GSHR Nov 28, 2022 8:39 AM

EVCI CAREER COLLEGES HOLDING CORP. (EVCI) PROVIDES SHAREHOLDER UPDATE AND ANNOUNCES YEAR TO DATE RESULTS OF ZHEJIANG DASHANG MEDIA CO. EVCI Nov 28, 2022 8:30 AM

Branded Legacy, Inc. Signs Joint Venture To Add Additional $300,000 a Year In Revenue BLEG Nov 23, 2022 11:10 AM