Constellium Issues Adj. EBITDA Outlook - Quick Facts

(RTTNews) - Constellium N.V. (CSTM) announced the company expects adjusted EBITDA growth in a range of 11% to 13% in 2018 and in the high single digits in 2019, leading to over 500 million euros of adjusted EBITDA in 2019.

For the third-quarter, adjusted EBITDA was 114 million euros, up 2% from prior year. Revenue was 1.4 billion euros, up 12% from previous year. Shipments were 379 thousand metric tons, up 1%.

Jean-Marc Germain, CEO said, "Constellium delivered solid results in the third quarter. Our improvement compared to last year was driven by continued operational performance, steady end market demand and Project 2019 cost savings, which were partially offset by higher planned maintenance and other costs."