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Tenaris SA (TENR.MI)

TENR.MI on Milan Stock Exchange

10.47EUR
23 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Tenaris Reduces Production At Its AlgomaTubes Facility In Canada
Friday, 30 Nov 2018 02:08am EST 

Nov 30 (Reuters) - Tenaris SpA ::SAID ON THURSDAY THAT IT IS REDUCING PRODUCTION LEVELS AT ITS SEAMLESS PIPE MANUFACTURING FACILITY IN SAULT STE. MARIE, ONTARIO, BY 25 PCT AS A RESULT OF MARKET CHALLENGES.TENARIS'S ALGOMATUBES FACILITY WILL SUSPEND OPERATIONS FOR THREE WEEKS EFFECTIVE DEC. 15, 2018 AND OPERATIONS WILL RESUME JANUARY 7, 2019.ANTICIPATES THE TEMPORARY LAYOFF OF C. 90 UNION EMPLOYEES AS OF DEC. 15, 2018.TENARIS COMMUNICATED WITH EMPLOYEES AND UNION EXECUTIVES DURING A TOWN HALL TODAY.SAID MARKET IS CHALLENGED BY THREE MAIN FACTORS: A SURGE IN ENERGY TUBULAR IMPORTS DIVERTED TO CANADA BY THIRD COUNTRIES CONSTRAINED FROM EXPORTING TO THE UNITED STATES DUE TO SECTION 232 MEASURES; A DECLINE IN ALGOMATUBES'S EXPORT SALES TO THE UNITED STATES AND, CHALLENGES IN THE NATIONAL OIL AND GAS MARKET WHERE EXPORT BOTTLENECKS ARE AFFECTING THE PRICE CANADIAN OIL AND GAS CUSTOMERS ARE RECEIVING FOR ENERGY PRODUCTION.  Full Article

Tenaris Q1 EBITDA margin forecast around current levels - CEO
Thursday, 1 Nov 2018 09:53am EDT 

Nov 1 (Reuters) - Tenaris CEO Paolo Rocca tells analysts on a post results conference call: :SEES EBITDA MARGIN IN Q1 2019 AROUND THE SAME LEVEL AS IN Q3 2018.  Full Article

Saudi Steel Pipes Says Shareholders Agree to Sell Stake in Co to Tenaris
Wednesday, 26 Sep 2018 12:21am EDT 

Sept 26 (Reuters) - SAUDI STEEL PIPES CO SJSC <1320.SE>::SAYS CO WAS INFORMED THAT RABIAH & NASSAR GROUP, GROUP OF MINORITY SHAREHOLDERS ENTERED INTO SHARE SALE AGREEMENT WITH TENARIS SAUDI ARABIA.SAYS RABIAH & NASSAR GROUP, GROUP OF MINORITY SHAREHOLDERS TO SELL 47.79 PERCENT STAKE REPRESENTING 24.37 MILLION SHARES OF CO TO TENARIS AT 22.20 RIYALS PER SHARE.SAYS COMPLETION OF THE TRANSACTION IS EXPECTED TO OCCUR BEFORE MARCH 31ST, 2019.  Full Article

Tenaris To Acquire Significant Stake In Saudi Steel Pipe Company
Tuesday, 25 Sep 2018 04:58pm EDT 

Sept 25 (Reuters) - Tenaris ::TO ACQUIRE SIGNIFICANT STAKE IN SAUDI STEEL PIPE COMPANY.HAS ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE FROM A PRIVATE GROUP 47.79% OF SHARES OF SAUDI STEEL PIPE COMPANY FOR $144 MILLION.TENARIS WILL SIGNIFICANTLY EXPAND ITS INDUSTRIAL PRESENCE IN THE KINGDOM AND THE RANGE OF PRODUCTS IT SUPPLIES TO SAUDI ARAMCO.  Full Article

Tenaris Reports Q2 Earnings Per ADS Of $0.29
Wednesday, 1 Aug 2018 06:51pm EDT 

Aug 1 (Reuters) - * ANNOUNCES 2018 SECOND QUARTER RESULTS:* QTRLY EARNINGS PER ADS $0.29 VS $0.13 .* QTRLY NET SALES $1788 MILLION VERSUS $1243 MILLION in Q2 2017.* Company says sales rose in most regions, except for Canada, reflecting seasonal effects, and the East Mediterranean, where it had lower shipments for offshore pipelines following the exceptional level recorded in the first quarter..* Sales for the first half of 2018 were up 52% year on year. .* Margins improved on higher average selling prices despite lower shipment volumes..  Full Article

Tenaris announces Q3 earnings per share of $0.09​
Wednesday, 1 Nov 2017 04:46pm EDT 

Nov 1 (Reuters) - Tenaris -:Tenaris announces 2017 third quarter results.‍Q3 net sales $1.30 billion versus $987 million​.Q3 ‍earnings per ads $0.18​.‍Q3 earnings per share $0.09​.‍In Q4 and going into 2018, expect sales in Americas to continue growing​.  Full Article

MIDEAST STOCKS-Oil hurts most of Gulf, blue-chips push down Egypt

* Saudi's Alujain enjoys best day in 14 months * Saudi Steel Pipes has best one-day rise in over 4-1/2 months * 21 of 30 stocks on Egypt's index fall * Lender Masraf Al Raya weighs on Qatar index By Abinaya Vijayaraghavan Jan 22 Saudi Arabia's stock market traded flat on Tuesday after a sharp fall in oil prices, while Egypt's index was pulled down by its blue-chip shares, mirroring a wider decline in emerging markets. Saudi's main index was unchanged afte