Vallourec reports Q4 and Full Year 2012 results

20/02/2013 - Finance
Vallourec today announced its results for the fourth quarter and full year 2012.

Boulogne-Billancourt, 20 February 2013 - Vallourec, world leader in premium tubular solutions, today announced its results for the fourth quarter and full year 2012. The consolidated financial statements were presented today by Vallourec's Management Board to its Supervisory Board.

Key figures

Q4 2012:

Sales up 10% versus Q3 2012 at € 1,465 million

EBITDA up 13% versus Q3 2012 at € 235 million representing

16.1% of sales

Full year 2012:

Sales volume of 2,092 thousand tonnes (-7% versus 2011)

Sales stable year on year at € 5,326 million (+1%)

EBITDA of € 786 million representing 14.8% of sales (-16% versus 2011)

Net income, Group share of € 217 million representing € 1.80 per share

Proposed dividend of € 0.69 per share


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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