Vallourec reports Q4 and Full Year 2009 results

23/02/2010 - Finance
Vallourec today announced its results for the fourth quarter and full year 2009.

 

 

Q4 2009:

Sales of € 1,090 million (-40% vs. Q4 2008)

EBITDA of € 229 million representing 21% of sales

Full year 2009:

Sales of € 4,465 million (-31% vs. 2008)

EBITDA of € 981 million representing 22% of sales

Strong operating cash flow (€ 1.6 billion)

Net income, Group Share of € 518 million

Proposed dividend of € 3.5 per share

 

Boulogne-Billancourt, 23 February 2010 – Vallourec, world leader in premium tubular solutions, today announced its results for the fourth quarter and full year 2009. The consolidated financial statements were presented today by Vallourec’s Management Board to its Supervisory Board.

 


About Vallourec

Vallourec is a world leader in premium tubular solutions primarily serving the energy markets, as well as other industrial applications.

With 18,000 employees, integrated manufacturing facilities, advanced R&D, and presence in more than 20 countries, Vallourec offers its customers innovative global solutions to meet the growing energy challenges of the 21st century.

Listed on NYSE Euronext in Paris (ISIN code: FR0000120354) and eligible for the Deferred Settlement System, Vallourec is included in the following indices: MSCI World Index, Euronext 100 and CAC 40.

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