Vallourec reports Q1 2012 results

10/05/2012 - Finance
Vallourec today announced its results for the first quarter 2012.

Boulogne-Billancourt, 10 May 2012 - Vallourec, world leader in premium tubular solutions, today announced its results for the first quarter 2012. The consolidated financial statements were presented by Vallourec's Management Board to its Supervisory Board.

Q1 results as anticipated:

Sales volume of 504 thousand tonnes (+1% vs Q1 2011)

Sales of € 1,199 million (+4% vs Q1 2011)

EBITDA of € 152 million representing 12.7% of sales

Net income, Group share of € 29 million (€ 82 m in Q1 2011)

Outlook for 2012:

Sales growth of around 5%

Slight margin improvement anticipated in Q2 and coming quarters leading to full year EBITDA margin close to 15%

 


About Vallourec

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

With over 22,000 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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