Oddo BHF - TENARIS S.A. (TEN) Tenaris : Q4 2025 EBITDA 7% forecasts and Q1 2026 expected to be broadly similar

Report

Oddo BHF

Baptiste Lebacq

Tenaris : Q4 2025 EBITDA 7% > forecasts and Q1 2026 expected to be broadly similar

19/02/2026 1 EN

Underlying

TENARIS S.A.

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LU2598331598 Greece

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.

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Analysts

Baptiste Lebacq

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Tenaris : Q4 2025 EBITDA 7% > forecasts and Q1 2026 expected to be broadly similar

Tenaris : EBITDA T4 25 7% > attentes et un T1 26 attendu globalement similaire

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 02/09/2026

Airbus Group : 1.7% beat on FY 2025 EBIT – Dividend payout raised to 48% - FY 2026 guidance in line with bear’s view due to P&W

Pernod Ricard : S1 inférieur aux attentes

Repsol : Q4 2025 results: a slight miss but reassuring guidance on production – SBB maintained with an increase in dividends

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