Vallourec reports Q3 2012 results

07/11/2012 - Finance, Activity and markets, Industry, Oil & gas, Power generation
Vallourec today announced its results for the third quarter of 2012.

Boulogne-Billancourt, 7 November 2012 - Vallourec, world leader in premium tubular solutions, today announced its results for the third quarter of 2012. The consolidated financial statements were presented by Vallourec's Management Board to its Supervisory Board.

Key figures for Q3 2012:

Sales flat versus Q2 2012 at € 1,334 million

EBITDA of € 207 million, up 9% versus Q2 2012 at 15.5% of sales

Net income, Group share of € 62 million, up 9% versus Q2 2012

Margin improvement in line with full year objective

 


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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