Constellium Posts Loss In Q1, Revenue Climbs 58% - Quick Facts

(RTTNews) - Aluminium products maker Constellium N.V. (CSTM) Thursday said its first-quarter loss totaled 31 million euros or 0.30 euro per share, compared to profit of 30 million euros or 0.28 euro per share last year.

Revenue surged 58 percent to 1.4 billion euros from 883 million euros with strong contribution from the newly acquired Muscle Shoals, Alabama facility. Shipments climbed 41 percent to 381 thousand metric tons. Pierre Vareille, CEO, said, "First quarter results reflect the inclusion of our newly acquired Muscle Shoals, Alabama facility into our P&ARP business and continued growth in our automotive rolled and extruded product businesses. We are experiencing strong demand across all of our targeted business segments and we continue to focus on improving our A&T operations."