Vallourec : Un alignement des planètes au service de la profitabilité et de la génération de FCF – Séquence bénéficiaire renforcée
>Un message rassurant - Suite à un roadshow avec le management (CEO, CFO et IR team), notre conviction sur l’Equity story du groupe est confortée. Le plan présenté et mis en œuvre il y a 3 ans (février 2016) a permis d’obtenir des résultats supérieurs aux attentes pour les réductions de coûts (445 M€ vs 400 M€ attendus d’ici à 2020). Des mesures complémentaires viennent d’être annoncées. Les récents résultats confirment i/ leur amélioration séquentielle, ii/ un point ...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.
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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