Thursday, April 27, 2017 7:08:28 AM
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.”
Recent CSTM News
- Constellium Celebrates the Grand Opening of its New Recycling Center in Neuf-Brisach, France • GlobeNewswire Inc. • 09/17/2024 06:00:00 AM
- Constellium Achieves Aluminium Stewardship Initiative Certification for All Operations Worldwide • GlobeNewswire Inc. • 09/10/2024 12:00:00 PM
- Constellium-led ALIVE collaborative research project achieves 12 to 35 percent weight savings for EV battery enclosures with optimized designs and manufacturing processes • GlobeNewswire Inc. • 09/04/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/27/2024 09:14:56 PM
- Constellium to Appoint Bradley L. Soultz as Special Advisor to the Board of Directors • GlobeNewswire Inc. • 08/27/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/25/2024 08:15:26 PM
- Constellium Prices Company’s Notes Offering • GlobeNewswire Inc. • 07/25/2024 04:49:58 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/24/2024 10:04:49 AM
- Constellium Launches Proposed Senior Notes Offering • GlobeNewswire Inc. • 07/24/2024 07:00:43 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/23/2024 08:14:55 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/23/2024 08:10:58 PM
- Constellium’s Muscle Shoals facility receives Department of Defense grant to increase casting capacity • GlobeNewswire Inc. • 07/23/2024 11:00:00 AM
- Constellium Reports Second Quarter and First Half 2024 Results • GlobeNewswire Inc. • 07/23/2024 10:00:00 AM
- Constellium signs long-term agreement with Lotte Infracell and invests to increase capacity at its Singen facility to supply foilstock for battery applications in Europe • GlobeNewswire Inc. • 07/23/2024 07:00:00 AM
- Constellium to Report Second Quarter 2024 Results on July 23, 2024 • GlobeNewswire Inc. • 07/15/2024 12:30:00 PM
- Constellium Advances Decarbonization Efforts with the World’s First Successful Industrial-Scale Production of Aluminium Slab Using Hydrogen Combustion • GlobeNewswire Inc. • 07/15/2024 09:30:00 AM
- Constellium Facilities Impacted by Severe Flooding in Chippis and Sierre • GlobeNewswire Inc. • 07/03/2024 08:00:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/06/2024 08:57:36 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/04/2024 11:47:29 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/28/2024 10:07:56 AM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 05/16/2024 08:01:48 PM
- Voting Results from Constellium's 2024 Annual General Meeting • GlobeNewswire Inc. • 05/15/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 08:30:39 PM
- Constellium Reports First Quarter 2024 Results • GlobeNewswire Inc. • 04/24/2024 10:00:00 AM
- Constellium posts 2024 Annual General Meeting Materials • GlobeNewswire Inc. • 04/12/2024 10:00:00 AM
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