The French company Vallourec reported a decrease in sales revenue in January-September amid a weakening of the pipe segment
French pipe manufacturer Vallourec has announced its financial results for the third quarter and the first nine months of this year.
In the third quarter of this year, Vallourec's sales revenue increased by 1.9% year-on-year to 911 million euros, and EBITDA was 210 million euros, compared with 168 million euros in the third quarter of last year. In the first nine months of this year, the company's sales revenue amounted to 2.77 billion euros, which is 6.8% less than in the same period last year, due to lower volumes and average selling prices in the pipe segment, while EBITDA amounted to 604 million euros compared to 618 million euros in the same period last year. of the year.
The company's sales increased by 3.8% year-on-year to 303,000 tons in the third quarter of this year, while sales in January-September totaled 909,000 tons, down 2.8% year-on-year.
The company expects EBITDA for the full year to be 799-829 million euros.
Steelorbis.com