Report
Baptiste Lebacq

Vallourec : Guidance rassurante malgré les incidents sur la mine au Brésil

>Opinion Surperformance - Nous réitérons notre recommandation surperformance sur le titre avec un OC inchangé de 13€. Nous avons marginalement ajusté notre séquence d’EBITDA 2022/24 et le fort relèvement des BPA vient d’une baisse des frais financiers ainsi que du taux d’imposition. Le T1 22 devrait être un point bas (suite à l’arrêt de la mine depuis le 8 janvier) et au-delà, le groupe va bénéficier 1/ d’une remontée progressive des résultats, et 2/ d’une accélératio...
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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