Vallourec reports Q3 2011 results

09/11/2011 - Finance
Vallourec today announced its results for the third quarter of 2011.

Boulogne Billancourt, 9 November 2011 - Vallourec, world leader in premium tubular solutions, today announced its results for the third quarter of 2011. The consolidated financial statements were presented by Vallourec's Management Board to its Supervisory Board.

Key Figures

Sales volume of 601 thousand tonnes; up 7% versus Q2 2011; up 19% versus Q3 2010

Sales of €1,306 million; up 1% versus Q2 2011; up 10% versus Q3 2010

EBITDA of €228 million representing 17.4% of sales

Net income, Group share of €91 million


About Vallourec

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

With over 20,000 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, Ticker VK) and eligible for the Deferred Settlement System, Vallourec is included in the following indices: MSCI World Index, Euronext 100 and CAC 40.

In the United States, Vallourec has a sponsored Level 1 American Depository Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). The ratio of Vallourec ADR to ordinary shares is 5:1.

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