Vallourec: INCREASED 2021 OUTLOOK
21 Juli 2021 - 8:00AM
INCREASED 2021 OUTLOOK
Boulogne-Billancourt
(France),
July
21st,
2021 – Vallourec announces today to increase its
2021 outlook.
After completing the periodic business outlook
review of the various activities of the Group, Vallourec now
targets for 2021 a €475 to €525 million EBITDA and a (€240) to
(€160) million free cash flow.
The largest driver of this upgrade is a higher
contribution from the iron ore mine in Brazil due to more favorable
than expected iron ore prices. In addition, Vallourec is generating
better internal efficiencies, while the progressive recovery of the
OCTG market in North America and Industry markets is being
confirmed.
Q2 and H1 results will be released on 28th July
2021.
About
Vallourec
Vallourec is a world leader in premium tubular
solutions for the energy markets and for demanding industrial
applications such as oil & gas wells in harsh environments, new
generation power plants, challenging architectural projects, and
high-performance mechanical equipment. Vallourec's pioneering
spirit and cutting edge R&D open new technological frontiers.
With close to 17,000 dedicated and passionate employees in more
than 20 countries, Vallourec works hand-in-hand with its customers
to offer more than just tubes: Vallourec delivers innovative, safe,
competitive and smart tubular solutions, to make every project
possible.
Listed on Euronext in Paris (ISIN code:
FR0013506730, Ticker VK), Vallourec is part of the SBF 120 index
and is eligible for Deferred Settlement Service Long Only.
In the United States, Vallourec has established
a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN
code: US92023R4074, Ticker: VLOWY). Parity between ADR and a
Vallourec ordinary share has been set at 5:1.
Calendar
July
28th 2021:
Release of first quarter results
For further information, please
contact:
Investor
relations Jérôme FribouletTel: +33 (0)1 49 09 39
77Investor.relations@vallourec.com |
Press
relations Héloïse Rothenbühler Tel: +33 (0)1 41 03 77
50 heloise.rothenbuhler@vallourec.com |
Individual
shareholdersToll Free Number (from France): 0 805 65 10 10
actionnaires@vallourec.com |
|
- 21072021 - Vallourec - Press Release
Vallourec (EU:VK)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Vallourec (EU:VK)
Historical Stock Chart
Von Apr 2023 bis Apr 2024