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).