Report

Vallourec : Sur la bonne voie !

Au-delà d’un environnement sectoriel très favorable, l’exercice 2023 sera impacté par la mise en œuvre des mesures transformantes du plan New Vallourec. A terme, il permettra à la société d’améliorer significativement son profil de crédit et d’être beaucoup plus résilient quel que soit le moment du cycle. Après une décennie mouvementée, Vallourec devrait, dès 2023, retrouver un FCF positif et entamer un deleveraging rapide. Dans ce Special Comment, nous revenons sur les perspecti...
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.

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Matthias Desmarais
  • Matthias Desmarais

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