05
Feb
11:59
Vallourec improves earnings forecast
French pipemaker Vallourec has revised upwards its 2023 results compared to its previous forecast, Kallanish notes.
The company expects its 2023 Ebitda to exceed €1,190 million ($1,289m), while net debt should be less than €580m. This improvement is due to an increase in sales volumes, driven by higher shipments in both the North America and Eastern Hemisphere areas.
“Higher sales volumes in North America more than offset pricing declines in the r…
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