Vallourec announces annual sales up 10.8% at € 6.14 billion

05/02/2008 - Finance
Vallourec today announced its 2007 sales.

 

 

Annual sales up 12.5% on a comparable basis

Q4 2007 sales up 13.1% (+16.3% on a comparable basis)

 

Boulogne-Billancourt, 5 February 2008 - Vallourec, world leader in the production of seamless steel tubes, today announced its 2007 sales.

Consolidated sales in the fourth quarter of 2007 increased by 13.1% compared with the fourth quarter of 2006, to reach € 1,628.8 million (+16.3% on a comparable basis(1)). For the full year, sales increased by 10.8% to € 6,140.5 million (+12.5% on a comparable basis(1)).

 

(1) after adjustment of 2006 sales to make them comparable with 2007 sales (the main adjustment related to the sale of the precision tubes business to Salzgitter).

 


About Vallourec

Vallourec is a world leader in the production of seamless steel tubes designed primarily for the Oil & Gas and Power generation sectors, and other industrial applications.

Vallourec is listed on the Euronext Paris Eurolist (ISIN code: FR0000120354), is eligible for the deferred settlement system and is included in the following indices: MSCI World Index, Euronext 100 and CAC 40. FTSE classification: engineering and machinery.

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