Key Developments: Vallourec SA (VLLP.PA)

VLLP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Vallourec SA confirms and gives FY 2014 guidance in line with estimates
1:31am EST 

Vallourec SA:Has reassessed carrying value of its global asset base, as part of its annual impairment review.Estimates that this review should lead to a total adjustment anticipated between 1.0 billion euros ($1.13 billion) and 1.2 billion euros.This depreciation will result in a non-recurring impact on Vallourec's net income in 2014.Confirms its previously communicated guidance for fiscal year 2014, including targeted FY 2014 sales at a level close to one reached in FY 2013.Sees an EBITDA down by approximately 10 pct compared to 2013.FY 2013 revenue of 5.578 billion euros.FY 2014 revenue of 5.502 billion euros - Thomson Reuters I/B/E/S.FY 2013 EBITDA of 920 million euros.FY 2014 EBITDA of 827 million euros - Thomson Reuters I/B/E/S.  Full Article

Vallourec is awarded contract in Angola
Friday, 14 Nov 2014 02:30am EST 

Vallourec SA:Says it is awarded contract for Kaombo ultra-deep offshore project in Angola.Says it will supply its tubular solutions.Says manufacturing of the first batches will be completed in December 2014.Says drilling operations will start in Q3 2015 and are expected to last until 2021.  Full Article

Vallourec confirms FY 2014 financial guidance
Thursday, 6 Nov 2014 11:45am EST 

Vallourec SA:Confirms target of sales in FY 2014 close to those of FY 2013, and an EBITDA down by about 10 pct compared to FY 2013.FY 2013 sales 5.58 billion euros.FY 2013 EBITDA 920 million euros.FY 2014 sales 5.43 billion euros-Thomson Reuters I/B/E/S Estimates.FY 2014 EBITDA 831.5 million euros-Thomson Reuters I/B/E/S Estimates.  Full Article

Vallourec issues 500 million euro bond
Monday, 29 Sep 2014 11:46am EDT 

Vallourec SA:Says it launched a 500 million euro bond issue, maturing in Sept. 2024, with an annual coupon of 2.25 pct.  Full Article

Vallourec confirms FY 2014 financial guidance
Wednesday, 30 Jul 2014 11:45am EDT 

Vallourec SA:Confirms its target of FY 2014 EBITDA down by about 10 pct compared to FY 2013.  Full Article

Vallourec Valinox Nucleaire to supply tubes for Chinese nuclear reactors Fuqing 5 and 6
Thursday, 17 Jul 2014 11:48am EDT 

Vallourec SA:Subsidiary Valinox Nucleaire, specializing in tubes for nuclear power plants, wins contract to supply tubes for Chinese nuclear reactors Fuqing 5 and 6, in Fujian province.Contract represents 750 kilometers of tubes intended for steam generators of plant's two units operated by CNNC (Chinese National Nuclear Corporation).  Full Article

Vallourec shares fall sharply following profit warning-Le Figaro
Wednesday, 11 Jun 2014 08:00pm EDT 

Vallourec SA:Shares in Vallourec fell sharply on June 11 following its profit warning-Le Figaro.Vallourec adjusted EBITDA guidance, saying it now targets 10 pct decrease in FY 2013.  Full Article

Vallourec adjusts FY 2014 EBITDA guidance
Tuesday, 10 Jun 2014 11:45am EDT 

Vallourec SA:FY 2014 EBITDA is now targeted to be down by about 10 pct relative to FY 2013.FY 2013 EBITDA 920 million euros.FY 2014 EBITDA 941.63 million euros-Thomson Reuters I/B/E/S Estimates.Adjustments due to key Brazilian customer Petrobras deciding to eliminate most of its tube inventories, and to reduced level of Oil & Gas orders in EAMEA.  Full Article

Valeo replaces Vallourec on CAC 40 index-Reuters
Wednesday, 4 Jun 2014 08:00pm EDT 

Vallourec SA:Valeo to replace Vallourec on CAC 40 index-Reuters.Vallourec will enter CAC Next 20 index.Decisions will take effect from June 23.  Full Article

Vallourec to supply line pipe solutions for offshore project in Ghana
Monday, 26 May 2014 02:31am EDT 

Vallourec SA:Selected to supply premium line pipes and welding services for TEN ultra-deepwater oil and gas project in Ghana.Project operated by Tullow Oil plc and executed by consortium of Subsea 7 and Technip.Vallourec to provide Subsea 7 with seamless offshore line-pipe including anticorrosion coating for a total of 15,000 tonnes.Pipes dedicated to production flowlines (pipe-in-pipe system by ITP InTerPipe) and gas export line.Deliveries are in progress.Subsidiary Serimax to accomplish associated welding services for double jointing operations related to production pipe in pipe and gas export lines.Those operations to start during summer 2014.  Full Article

European shares knocked as oil slide hits earnings

* Vallourec warns of impairment, shares fall (Updates with closing prices)

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