Vallourec reports second quarter and first half 2013 results

30/07/2013 - Finance
Vallourec today announced its results for the second quarter and first half of 2013.

Boulogne-Billancourt, 30 July 2013 – Vallourec, world leader in premium tubular solutions, today announced its results for the second quarter and first half of 2013. The consolidated financial statements were presented by Vallourec’s Management Board to its Supervisory Board.

Q2 2013:

Sales up 3.7% versus Q2 2012 at € 1,377 million

EBITDA of € 230 million, up 20.4% versus Q2 2012

EBITDA margin improved by 230 bp to 16.7% of sales

Net income, Group share of € 62 million, or € 0.5 per share

H1 2013:

Sales of € 2,590 million, up 2.5% versus H1 2012

EBITDA of € 421 million, up 22.7%

EBITDA margin improved by 270 bp to 16.3% of sales

Net income, Group share of € 97 million, or € 0.8 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 23,000 employees, integrated manufacturing facilities, advanced R&D and a presence in more than 20 countries, Vallourec offers its customers innovative global solutions to meet the energy challenges of the 21st century.

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

In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1.

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