Report
Baptiste Lebacq

Vallourec : EBITDA 11%< attentes // Désendettement plus rapide // Retour du dividende

>EBITDA T3 24 11% < attentes mais un désendettement plus rapide qu’escompté - EBITDA T3 24 à 168 M€, en baisse de 22% par rapport au T2 2024, il est inférieur à nos prévisions de 189 M€ (consensus à 192 M€). La marge d’EBITDA est de 19%. EBITDA des Tubes passé de 193 M€ au T3 2023 à 162 M€ au T3 2024 en raison de la baisse de la rentabilité en Amérique du Nord. EBITDA Mine & Forêts à 22 M€ au T3 2024, contre 39 M€ au T3 2023, reflétant la diminution de la pr...
Underlying
Vallourec SA

Vallourec SA is a France-based company, which specializes in the production of seamless and welded steel tube products for industrial applications. It operates through two segments: Seamless Tubes and Specialty Products. For the oil and gas industry, it designs and develops a comprehensive range of products including seamless tubes and connections for drilling operations, line pipes and well equipment. For the power generation market, it offers tubes that withstand severe temperature and pressure conditions. Its solutions enable power companies to meet the challenges of energy efficiency and reduce CO2 emissions in power plants. It also offers a wide range of tubes for petrochemical installations (refineries), for mechanical engineering applications (hydraulic cylinders and machine tools), for the automotive industry, for construction (stadiums, other complex buildings and structures) and for various other industrial sectors. It operates through Vallourec Solucoes Tubulares do Brasil.

Provider
Oddo BHF
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.

Analysts
Baptiste Lebacq

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