Vallourec reports Q3 2009 results

12/11/2009 - Finance
Vallourec today announced its results for the third quarter of 2009.

 

 

Sales of € 979.5 million (-39% vs. Q3 2008)

EBITDA of € 174.0 million representing 17.8% of sales (vs. 26.7% in Q3 2008)

Strong operating cash flow (€ 457.2 million)

Positive cash balance of € 289.2 million at 30 September 2009

Pursuing strategy of targeted acquisitions

 

Boulogne-Billancourt, 12 November 2009 – Vallourec, world leader in premium tubular solutions, today announced its results for the third quarter of 2009. The consolidated financial statements were presented today by Vallourec's Management Board to its Supervisory Board.

 


About Vallourec

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

With 18,000 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 the NYSE Euronext in Paris (ISIN code: FR0000120354) and eligible for the Deferred Settlement System, Vallourec is included in the following indices: MSCI World Index, Euronext 100 and CAC 40.

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