Vallourec - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
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Vallourec SA Proposes FY 2012 Dividend; Announces FY 2013 Revenue Guidance in Line with Analysts' Estimates and FY 2013 EBITDA Margin
Vallourec SA announced that the General Meeting of Shareholders will be held on May 30, 2013 where shareholders will be asked to approve the payment of an ordinary dividend of EUR 0.69 per share for the financial year 2012, payable in cash or in shares at the shareholders' option. The dividend payment in cash or in shares will take place on June 25, 2013, (the record date and ex-date is fixed on June 6, 2013). Moreover, the Company expects its fiscal year 2013 revenue to increase and the EBITDA margin to improve in 2013. The Company reported fiscal year 2012 revenue of EUR 5,326 million and EBITDA margin for fiscal year 2012 of EUR 786 million representing 14.8% of revenue. According to I/B/E/S Estimates analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 5,803.70 million.
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