Constellium SE (NYSE: CSTM) today announced its preliminary fourth quarter 2020 results. The Company will announce its full year 2020 earnings results before market opening on Thursday, February 25, 2021.
Based on preliminary unaudited information for the fourth quarter of 2020, Constellium anticipates the following results:
Shipments of approximately 374 thousand tons, up 2% compared to Q4 2019
Revenue of €1.24 billion to €1.25 billion, down 9% compared to Q4 2019
Income before income tax of €11 million to €29 million, compared to €12 million in Q4 2019
Adjusted EBITDA of €106 million to €116 million, down 4% to 12% compared to Q4 2019
Net Cash Flow from Operating Activities of €327 million to €337 million in 2020
Free Cash Flow of €150 million to €160 million in 2020
Investor Conference Call and Webcast
Constellium will host a conference call and webcast on Thursday, February 25 at 11:00 a.m. (Eastern Standard Time) to announce its fourth quarter and full year 2020 results. The conference call will be hosted by Jean-Marc Germain, Chief Executive Officer, and Peter Matt, Executive Vice President and Chief Financial Officer.
The webcast can be accessed live at: https://edge.media-server.com/mmc/p/2vzrhgzd
To participate by telephone, please dial the following number and enter access code 3664317 to be connected to the Constellium earnings call:
USA: 1 866 394 7514
France: 0 805 081 488
Germany: 0 800 181 5287
Switzerland: 0 800 836 508
United Kingdom: 0 800 028 8438
Other: 1 409 350 3597
Details of the conference call, webcast and accompanying presentation will be available on the Constellium Investor Relations page at https://www.constellium.com/financial-results-presentations.
An archived recording of the conference call will also be available at www.constellium.com for three weeks.
Forward Looking Statement
Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may contain “forward-looking statements” with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statements because they contain words such as, but not limited to, “believes,” “expects,” “may,” “should,” “approximately,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” likely,” “will,” “would,” “could” and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets, while others are more specific to our business and operations. These risks and uncertainties include, but are not limited to: market competition; economic downturn; disruption to business operations, including the length and magnitude of disruption resulting from the global COVID-19 pandemic; the inability to meet customer demand and quality requirements; the loss of key customers, suppliers or other business relationships; the capacity and effectiveness of our hedging policy activities; the loss of key employees; levels of indebtedness which could limit our operating flexibility and opportunities; and other risk factors set forth under the heading “Risk Factors” in our Annual Report on Form 20-F, and as described from time to time in subsequent reports filed with the U.S. Securities and Exchange Commission. The occurrence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.