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PARIS, May 17, 2021 (GLOBE NEWSWIRE) Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today announced that the Company has priced a private offering (the "Notes Offering") of €300 million
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Constellium First Quarter 2021 Results Conference Call. [Operator Instructions] Please be advised that today s conference may be recorded. [Operator Instructions] I would now like to hand the conference over to your speaker today, Ryan Wentling, Head of Investor Relations. Please go ahead.
Ryan Matthew Wentling
Director of Investor Relation
Thank you, operator. I would like to welcome everyone to our first quarter 2021 earnings call. On the call today are our Chief Executive Officer, Jean-Marc Germain; and our Chief Financial Officer, Peter Matt. After the presentation, we will have a Q&A session. A copy of the slide presentation for today s call is available on our website at constellium.com, and today s call is being recorded. Before we begin, I d like to encourage everyone to visit the company s website and take a look at our recent filings. Today s call may include forward-looking statements withi
Constellium Paris: Constellium Reports First Quarter 2021 Results
First quarter 2021 highlights:
Revenue of €1.3 billion, down 7% compared to Q1 2020
Net income of €48 million compared to net loss of €31 million in Q1 2020
Adjusted EBITDA of €121 million, down 18% compared to Q1 2020
Cash from Operations of €75 million and Free Cash Flow of €46 million
Net debt / LTM Adjusted EBITDA of 4.6 at March 31, 2021
Jean-Marc Germain, Constellium s Chief Executive Officer said, Our team delivered solid first quarter results. Better-than-expected market demand and excellent cost performance propelled us above the top end of our Adjusted EBITDA guidance range. P&ARP demonstrated strong cost control, which helped to offset the effects of several one-off events. A&T results continue to be negatively affected by weak aerospace demand; however, TID has been a bright spot, with improving demand in both the U.S. and Europe. AS&I reported record first quarter Adjusted EBITDA and re