Vallourec reports Q2 2009 results

30/07/2009 - Finance
Vallourec today announced its results for the second quarter and first half of 2009.




Sales of € 1,082 million (-33% vs. Q2 2008)

EBITDA of € 238.5 million representing 22% of sales (vs. 26.6% in Q2 2008)

Strong operating cash flow (€ 413 million)

Measures reinforced to adapt production and reduce costs


About Vallourec

Vallourec is world leader in the production of seamless steel tubes designed primarily for the Oil & Gas and Power generation sectors, and for other industrial applications.

Vallourec is listed on the Euronext Paris Eurolist (ISIN code: FR0000120354), is eligible for the deferred settlement system and is included in the following indices: MSCI World Index, Euronext 100 and CAC 40. FTSE classification: engineering and machinery.

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