Vallourec: makes net loss of E338m in 2019
(CercleFinance.com) - The group's turnover amounted to 4,173 million euros in 2019, up 6.
4% compared to 2018 (up 5% at constant exchange rates).
EBITDA was 347 million euros, up 197 million euros compared to 2018. Its Operating loss was 17 million euros, representing an improvement of 260 million euros compared to 2018.
Meanwhile, its net loss, group share reached 338 million euros, compared to -502 million euros in 2018.
Given current economic and market trends the group targets EBITDA of 500 million euros, slightly positive cash flow, with H2 slightly better than H1.
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