Report
Jean-François Granjon

Vallourec : EBITDA en ligne mais lourdes dépréciations essentiellement en Amérique du Nord

>Des résultats T2 fortement dégradés - Vallourec publie des résultats trimestriels en ligne avec nos attentes pour l’EBITDA traduisant sans surprise une nette dégradation. A contrario, le groupe comptabilise d’importantes dépréciations à hauteur de 485 M€. Le CA ressort à 843 M€ (785,8 M€ estimé) vs 1 084 M€ en baisse de 22%. Dans ce contexte, l’EBITDA ressort à 43 M€ (43.9 M€ estimé) vs 102 M€ en baisse de 58% soit une marge de 5.1% (-430pb).Faible visib...
Underlying
Vallourec SA

Vallourec is a holding company. Through its subsidiaries, Co. supplies tubular solutions, mainly for the energy markets as well as other industrial applications. Co.'s activities can be divided into two segments: the Seamless tubes segment (production of hot-rolled seamless carbon and alloy steel tubes, both smooth and threaded, for the oil and gas industry); and the Speciality Products segment (production of stainless steel and titanium tubes as well as specific forming and machining activities). Co. is organized into four divisions: Energy and Industry division; Oil Country Tubular Goods division; Drilling Products division; and Brazil division.

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
Jean-François Granjon

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch