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Vallourec SA (VLLP.PA)

VLLP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Vallourec Q2 net loss group share narrows to 128‍​ million euros
Wednesday, 26 Jul 2017 11:45am EDT 

July 26 (Reuters) - VALLOUREC ::Q2 REVENUE EUR 933‍​ MILLION VERSUS EUR 763 MILLION YEAR AGO.Q2 EBITDA PROFIT EUR ‍​3 MILLION VERSUS LOSS OF EUR 32 MILLION YEAR AGO.Q2 NET LOSS GROUP SHARE EUR 128‍​ MILLION VERSUS LOSS OF EUR 131 MILLION YEAR AGO.CASH POSITION AS AT JUNE 30, 2017 AMOUNTED TO EUR 867 MILLION.AT 30 JUNE 2017, SHORT-TERM DEBT AMOUNTED TO EUR 1.42 BILLION.REVISES FY 2017 EBITDA TARGETED IMPROVEMENT TO + EUR 175 MILLION FROM + EUR 125 MILLION VERSUS 2016.EXPECTS TRANSFORMATION PLAN INITIATIVES TO GENERATE SIGNIFICANT SAVINGS OVER THE YEAR, IN LINE WITH ITS OBJECTIVES.DOES NOT EXPECT SIGNIFICANT CHANGES IN ITS OTHER BUSINESSES, WHERE ENVIRONMENT WILL STAY VERY COMPETITIVE.EXPECTS TO IMPROVE H2 REVENUE AND RESULTS IN NORTH AMERICA COMPARED WITH H1.  Full Article

Vallourec Q1 net loss group share narrows to EUR 126‍​ million
Wednesday, 26 Apr 2017 11:45am EDT 

April 26 (Reuters) - Vallourec ::Q1 revenues EUR 783‍​ million versus EUR 671 million year ago.Q1 operating loss EUR ‍​111 million versus loss of EUR 290 million year ago.Q1 net loss group share EUR 126‍​ million versus loss of EUR 284 million year ago.Confirms that it targets improvement in gross operating profit of EUR 50 million to EUR 100 million compared to 2016; now targets upper part of this range.In 2017, Oil&Gas division sales in US are expected to grow more significantly than originally anticipated.In 2017, in Brazil, drilling activity is expected to remain relatively stable compared to 2016.In 2017, turnover in EAMEA region is expected to continue to suffer from low level of activity and prices reflected in orders to be delivered in region.In 2017, does not anticipate any significant change in its other activities, with exception of iron ore sales in Brazil, which are expected to improve compared to 2016.  Full Article

Vallourec Q4 EBITDA loss narrows to ‍​63 million euros
Wednesday, 22 Feb 2017 11:45am EST 

Vallourec : Q4 revenue 838‍​ million euros versus 861 million euros ($908.96 million) year ago . Q4 EBITDA loss ‍​63 million euros versus loss of 77 million euros year ago . Q4 net loss group share 183 million euros versus loss of 426 million euros year ago .Expects for 2017 an EBITDA with an improvement of 50 million euros to 100 million euros compared with 2016.  Full Article

Vallourec controls 99.03 pct of Tianda Oil Pipe's equity
Friday, 2 Dec 2016 11:45am EST 

Vallourec SA :Announces success of mandatory and unconditional cash bid launched on 4 Nov 2016 for minority interests of Tianda Oil Pipe (TOP).  Full Article

Vallourec says merges its two Brazilian companies
Monday, 3 Oct 2016 02:42am EDT 

Vallourec : Co holds majority stake of 84.6% in vallourec soluções tubulares do brasil, nippon steel & sumitomo metal corp 15%, and sumitomo corp 0.4%. .Finalized merger of vallourec tubos do brasil and vallourec & sumitomo tubos do brasil on 1 october 2016.  Full Article

Vallourec merges its two main Brazilian companies
Monday, 3 Oct 2016 02:42am EDT 

Vallourec SA :Merges its two main Brazilian companies into Vallourec Soluções Tubulares do Brasil.  Full Article

Anhui Tianda Oil Pipe updates on revised offer from unit of Vallourec<0839.HK>
Thursday, 4 Aug 2016 10:09am EDT 

Anhui Tianda Oil Pipe Co Ltd <0839.HK>: Revised possible cash offer from Vallourec Tubes SAS for all the issued H shares in Anhui Tianda Oil Pipe . Vallourec Tubes SAS (offeror) to amend proposed terms of general offer by offering delisting premium of HK$0.01 per offer share . Says delisting premium is in addition to the basic offer price of HK$1.66 per offer share . Aggregate consideration payable per offer share to h shareholders if delisting resolution is approved is HK$1.67 per offer share . Revised offer is valued at approximately HK$503.7 million based on enhanced offer price and 301.6 million offer shares .Consideration payable under revised offer will be met from internalresources of offeror.  Full Article

Vallourec H1 net loss group share widend to 415 million euros
Thursday, 28 Jul 2016 11:45am EDT 

Vallourec : ‍​Revenues of 763 million euros ($845.79 million) in Q2 2016 and 1,434 million euro in H1 2016 compared to 2,070 million euros in H1 2015, down 30.7 pct . EBITDA of -32 million euros in Q2 2016 and -104 million euros in H1 2016 compared to 66 million euros in H1 2015 . H1 net result, group share of -415 million euros compared to -275 million euros in H1 2015 .2016 guidance confirmed.  Full Article

Vallourec starts exclusive negotiations for sale of majority holding in Saint-Saulve steel mill
Thursday, 21 Jul 2016 02:55am EDT 

Vallourec : Starts exclusive negotiations with the Ascometal Group for the sale of a majority holding in the Saint-Saulve steel mill . Negotiations should be concluded with a final agreement being signed by end of 2016 . At this stage in proceedings, two partners envisage Ascometal having a 60 pct holding, thus giving latter exclusive control of operations .At this stage in proceedings, two partners envisage creating a joint venture with Vallourec holding a 40 pct stake.  Full Article

Vallourec announces conversion of NSSMC's convertible bonds
Monday, 20 Jun 2016 02:32am EDT 

Vallourec : Conversion of NSSMC's mandatory convertible bonds .Following this conversion, Vallourec's capital will stand at EUR 889,276,098 ($1.01 billion), divided into 444,638,049 shares.  Full Article