Constellium N.V. (CSTM) Reports Q4 EPS of EUR0.14

Constellium N.V. (NYSE: CSTM) reported Q4 EPS of EUR0.14, versus (EUR0.43) reported last year. Revenue for the quarter came in at EUR1.37 billion, versus EUR1.4 billion reported last year.

Jean-Marc Germain, Constellium’s Chief Executive Officer said, “Constellium delivered strong results in 2019. Our Adjusted EBITDA of €562 million increased by 13%, driven by excellent performance from our Packaging and Automotive Rolled Products and Aerospace and Transportation segments. Notably, 2019 represented our third consecutive year of double digit Adjusted EBITDA growth. Our Free Cash Flow of €175 million was very strong and delivers on an important financial target that we set in March 2017. We also made substantial progress on our deleveraging objective in 2019, repaying gross debt during the year and reducing leverage to 3.9x at year end. Overall, I am proud of Constellium's performance in 2019.”

Mr. Germain continued, “I am optimistic about 2020. Based on our current outlook, we expect Adjusted EBITDA growth of 6% to 9% and Free Cash Flow generation of €125 million to €175 million in 2020. We remain on track to deliver on our long-term targets of Adjusted EBITDA over €700 million and leverage of 2.5x in 2022. We are committed to shareholder value creation through the execution of our strategy.”

For earnings history and earnings-related data on Constellium N.V. (CSTM) click here.

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Eledon Pharmaceuticals, Inc. (ELDN) Misses Q2 EPS by 12c
• KULR Technology Group (KULR) Misses Q2 EPS by 39c