Brief: Constellium Reports First Quarter 2020 Results

Constellium SE

29/04/2020 11:29

April 29 (Reuters) - Constellium SE  3OK.F :
    * CONSTELLIUM REPORTS FIRST QUARTER 2020 RESULTS
    * Q1 REVENUE FELL 6 PERCENT TO EUR 1.4 BILLION
    * LIQUIDITY OF EUR 616 MILLION AT MARCH 31, 2020
    * QTRLY SHIPMENTS OF 393 THOUSAND METRIC TONS, DOWN 5%
COMPARED TO
Q1 2019
    * GIVEN UNCERTAINTY AROUND EXTENT AND DURATION OF EFFECTS OF
PANDEMIC,  WITHDRAWING OUR GUIDANCE UNTIL OUR VISIBILITY
IMPROVES
    * OUTBREAK OF COVID-19 BEGAN TO IMPACT CUSTOMER DEMAND IN
EUROPE &
NORTH AMERICA DURING MARCH, CONTINUED INTO APRIL
    * QTRLY LOSS PER SHARE EUR 0.22
    * WITH EXCEPTION OF OUR AUTOMOTIVE SPECIFIC PLANTS, ALL OF
OUR
PLANTS CONTINUE TO OPERATE
    * AUTOMOTIVE PLANTS ARE PREPARING FOR RESTARTS IN MAY
    * TAKEN ACTIONS TO OFFSET FINANCIAL IMPACTS OF COVID-19
PANDEMIC,
INCLUDING TARGETING CAPITAL SPENDING OF EUR 175 MILLION IN 2020

Source text for Eikon:  ID:nGNXc7Xjkw 
Further company coverage:  3OK.F 

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