Report
Tenaris : EBITDA 13% >expectations and new share buyback programme ($ 700m)
>Q3 2024 EBITDA: 13% > our expectations - Q3 2024 sales were $ 2.9bn (-10% y-o-y and -12% q-o-q), hit by lower prices in the Americas and weaker demand in the US, Mexico and Saudi Arabia, as well as lower pipeline pipe shipments in Argentina. EBITDA came to $ 688m (above our expectations of $ 607m and the consensus of $ 581m), giving an EBITDA margin of 23.6% (vs 31% in Q3 2023). Free cash flow for the quarter totalled $ 373m. Net cash stood at $ 4bn at 30 S...
Underlying
TENARIS S.A.
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Baptiste Lebacq
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