Vallourec: share up on reassuring results

(CercleFinance.com) - On Thursday, Vallourec reported Q4 results in line with expectations, confirming the upward trend in both its operating performance and its financial health.


This morning, the producer of seamless steel tubes published gross operating income (GOI) of E214m for Q4 2024, compared with E280m a year earlier.

At E832m, full-year EBITDA is at the top end of the forecast range provided by the group.

Q4 net income (group share) was E163m, compared with E105m in Q4 2023, with a net cash position of E21m, enabling it to achieve its target of zero net debt a year ahead of schedule.

Vallourec's balance sheet is now solid, management said.

In addition to reducing our net debt, we have completely reconfigured our capital structure to guarantee a high level of liquidity and financial visibility through a considerable reduction in our financing costs, it added.

Vallourec says it is now focusing on the second key objective of its 'New Vallourec' plan, namely to generate sustainable first-rate profitability.

The group intends to propose a dividend of E1.50 per share at its next AGM, marking the first return to shareholders in ten years.

Following these announcements, Vallourec shares were up 3% on Thursday morning, bringing their YTD gain to almost 17%.


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