Constellium (CSTM) Reports Q1 Net Income of EUR 179M

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Go back to Constellium (CSTM) Reports Q1 Net Income of EUR 179M

Constellium Reports First Quarter 2022 Results

April 27, 2022 6:00 AM EDT

PARIS, April 27, 2022 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) today reported results for the first quarter ended March 31, 2022.

First quarter 2022 highlights:

Shipments of 401 thousand metric tons, up 4% compared to Q1 2021 Revenue of 2.0 billion, up 48% compared to Q1 2021 Value-Added Revenue (VAR) of 652 million, up 21% compared to Q1 2021 Net income of 179 million compared to 48 million in Q1 2021 Adjusted EBITDA of 167 million, up 38% compared to Q1 2021Cash from Operations of 58 million and Free Cash Flow of 26 millionNet debt / LTM Adjusted EBITDA of 3.2x at March 31, 2022... More