Edition:
United States

Vallourec SA (VLLP.PA)

VLLP.PA on Paris Stock Exchange

5.27EUR
11:35am EDT
Change (% chg)

€0.20 (+3.99%)
Prev Close
€5.07
Open
€5.12
Day's High
€5.39
Day's Low
€5.11
Volume
8,455,349
Avg. Vol
4,479,364
52-wk High
€6.08
52-wk Low
€4.11

Latest Key Developments (Source: Significant Developments)

Vallourec Q2 Net Loss Group Share Widens To 137‍​ Million Euros
Wednesday, 25 Jul 2018 11:45am EDT 

July 25 (Reuters) - VALLOUREC SA ::Q2 NET LOSS GROUP SHARE EUR 137‍​ MILLION VERSUS LOSS EUR 128 MILLION YEAR AGO.Q2 REVENUE EUR 982‍​ MILLION VERSUS EUR 933 MILLION YEAR AGO.Q2 GROSS OPERATING INCOME EUR 23 ‍MLN VERSUS EUR 3 MILLION YEAR AGO.CONFIRMS 2018 GUIDANCE.  Full Article

Vallourec Renews And Reinforces Collaboration With Petrobras By Signing New Long-Term Agreements
Thursday, 5 Apr 2018 02:01pm EDT 

April 6 (Reuters) - VALLOUREC SA ::RENEWS AND REINFORCES COLLABORATION WITH PETROBRAS <<>> BY SIGNING NEW LONG-TERM AGREEMENTS.IN FRAMEWORK OF THE 3-YEAR LONG TERM AGREEMENTS, VALLOUREC WILL SUPPLY PETROBRAS' OPERATIONS WITH OCTG PRODUCTS, ACCESSORIES AND SPECIALIZED SERVICES.PRODUCTS AND ASSOCIATED SERVICES WILL BE USED BY PETROBRAS ON ITS OFFSHORE OIL & GAS EXPLORATION AND PRODUCTION WELLS, LOCATED AT IMPORTANT RESERVOIRS OF PRE-SALT BASIN.PETROBRAS PRODUCTION COMING OUT FROM PRE-SALT AREA ALREADY REPRESENTS MORE THAN 50% OF PETROBRAS TOTAL PRODUCTION.  Full Article

Vallourec Q4 Net Loss Group Share Narrows To 164 ‍million Euros
Wednesday, 21 Feb 2018 11:42am EST 

Feb 21 (Reuters) - VALLOUREC ::Q4 REVENUE EUR ‍​1.07 BILLION VERSUS EUR 838 MILLION YEAR AGO.Q4 EBITDA EUR 11 ‍​MILLION VERSUS LOSS OF EUR 63 MILLION YEAR AGO.Q4 NET LOSS GROUP SHARE EUR 164 ‍MILLION VERSUS LOSS OF EUR 183 MILLION YEAR AGO.Q4 SALES VOLUMES 655,000 TONNES VERSUS 376,000 TONNES YEAR AGO.IN 2018 EXPECTS TO BENEFIT FROM FAVORABLE ACTIVITY LEVEL IN US AND STABLE OIL & GAS ACTIVITY IN BRAZIL.SAYS TIMING AND MAGNITUDE OF INTERNATIONAL OIL & GAS MARKET REBOUND IS STILL UNCERTAIN.IN US, ANTICIPATES AVERAGE RIG COUNT TO MODERATELY INCREASE IN 2018.SAYS IN US OCTG CONSUMPTION PER RIG SHOULD CONTINUE TO RISE IN 2018.SAYS IN BRAZIL, DRILLING ACTIVITY IS EXPECTED TO REMAIN STABLE IN 2018.SAYS TARGETS TO RENEW FRAME AGREEMENT WITH PETROBRAS IN COURSE OF H1 2018 IN BRAZIL.IN 2018 IN REST OF WORLD, INCREASING TENDER ACTIVITY FOR OIL & GAS PROJECTS SHOULD RESULT IN HIGHER BOOKINGS.ON REST OF WORLD: SEES POSITIVE IMPACTS ON DELIVERIES TO MATERIALIZE MOSTLY AS FROM 2019.IN 2018 POWER GENERATION REVENUE EXPECTED TO BE IMPACTED BY DIMINISHING NUMBER OF CONVENTIONAL POWER PLANT PROJECTS.ON 2018 POWER GENERATION REVENUE: IMPACT PARTICULARLY IN CHINA AND KOREA.IMPROVED MOMENTUM IN INDUSTRY MARKETS IN EUROPE AND BRAZIL SHOULD BE CONFIRMED IN 2018.UNUSUALLY HIGH AND UNFAVORABLE VOLATILITY IN SOME CONSUMABLE PRICES COULD HAVE NEGATIVE EFFECT ON RESULTS IN 2018.UNUSUALLY HIGH AND UNFAVORABLE VOLATILITY IN CURRENCIES COULD HAVE NEGATIVE EFFECT ON RESULTS IN 2018.  Full Article

Vallourec Vallourec Is Considering Divesting Its "Drilling Products" Business
Monday, 11 Dec 2017 05:31pm EST 

Dec 11 (Reuters) - Vallourec Sa ::VALLOUREC : VALLOUREC IS CONSIDERING DIVESTING ITS "DRILLING PRODUCTS" BUSINESS.VALLOUREC - RECEIVED A BINDING OFFER FOR PURCHASE OF VALLOUREC DRILLING PRODUCTS BUSINESS, FOR A TOTAL CASH AMOUNT OF $63 MILLION.  Full Article

Vallourec Q3 net loss group share narrows to 119 million euros
Thursday, 9 Nov 2017 11:45am EST 

Nov 9 (Reuters) - VALLOUREC ::Q3 NET LOSS GROUP SHARE EUR 119 MILLION VERSUS LOSS OF EUR 160 MILLION YEAR AGO.Q3 REVENUE EUR 964‍​ MILLION VERSUS EUR 693 MILLION YEAR AGO.Q3 GROSS OPERATING INCOME EUR ‍​9 MILLION VERSUS LOSS OF EUR 52 MILLION YEAR AGO.SEES Q4 GROSS OPERATING RESULT OF BETWEEN LOSS OF EUR 20 MILLION AND BREAKEVEN.AT SEPTEMBER 30, 2017, CASH OR CASH EQUIVALENTS WAS EUR 992 MILLION.RAISES ITS GROSS OPERATING RESULT TARGET FOR FY 2017 TO BETWEEN LOSS OF EUR 30 MILLION AND LOSS OF EUR 10 MILLION.  Full Article

Vallourec offers 150 million euros additional senior notes
Monday, 23 Oct 2017 11:51am EDT 

Oct 23 (Reuters) - VALLOUREC ::VALLOUREC SA - SUCCESSFUL €150 MILLION ADDITIONAL SENIOR NOTES OFFERING.PRICES OFFERING OF EXTRA EUR 150 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.625% SENIOR NOTES DUE 2022 AT 102.5%​.‍ISSUANCE OF ADDITIONAL NOTES TO CLOSE ON OCT 26.​.  Full Article

Vallourec launches additional 2022 bond issue‍​
Monday, 23 Oct 2017 02:22am EDT 

Oct 23 (Reuters) - VALLOUREC : :LAUNCHES ADDITIONAL 2022 BOND ISSUE‍​.BONDS WITH ANNUAL COUPON OF 6.625 PCT‍​.BOND ISSUE FOR TOTAL OF EUR 150 MILLION ‍​.  Full Article

Vallourec upsizes senior notes offering to 400 million euros
Wednesday, 11 Oct 2017 11:44am EDT 

Oct 11 (Reuters) - VALLOUREC SA ::SUCCESSFULLY PRICES €400 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS SENIOR NOTES DUE 2022‍​.OFFERING WAS UPSIZED FROM THE €300,000,000 AMOUNT ANNOUNCED ON OCTOBER 9‍​.ISSUANCE OF THE NOTES IS EXPECTED TO CLOSE ON 18 OCTOBER 2017..PRICED THE OFFERING OF €400,000,000 AGGREGATE PRINCIPAL AMOUNT OF ITS SENIOR NOTES DUE 2022 AT A COUPON OF 6.625% PER ANNUM‍​.  Full Article

Vallourec places convertible bonds worth 250 million euros
Wednesday, 27 Sep 2017 09:44am EDT 

Sept 27 (Reuters) - VALLOUREC ::SUCCESSFULLY LAUNCHES 2022 CONVERTIBLE BONDS WORTH EUR 250 MILLION.  Full Article

Vallourec launches a 2022 OCEANE convertible bond with an initial amount of 170 million euros
Wednesday, 27 Sep 2017 02:22am EDT 

Sept 27 (Reuters) - VALLOUREC SA ::LAUNCHES A 2022 OCEANE CONVERTIBLE BOND WITH AN INITIAL AMOUNT OF € 170 MILLION, WHICH MAY BE INCREASED TO € 200 MILLION.THE SETTLEMENT OF THE BONDS IS SCHEDULED FOR OCTOBER 4TH 2017.‍​.BONDS TO BE ISSUED AT PAR AND BEAR INTEREST AT ANNUAL RATE OF BETWEEN 3.75% AND 4.50% PAYABLE SEMI ANNUALLY IN ARREARS ON APRIL 4 AND OCTOBER 4 OF EACH YEAR FROM APRIL 4, 2018.‍​.  Full Article

EU mergers and takeovers (Sept 25)

BRUSSELS, Sept 25 The following are mergers under review by the European Commission and a brief guide to the EU merger process: