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Stock impact report

Publication of H1 and Q2 2019 Financial results

VALLOUREC SA SP/ADR (VLOWY) 
Company Research Source: GlobeNewswire
    Vallourec reports second quarter and first half 2019 results Boulogne-Billancourt (France), July 24th 2019 – Vallourec, a world leader in premium tubular solutions, today announces its results for the second quarter and first half of 2019. The consolidated financial information was presented by Vallourec’s Management Board to its Supervisory Board on July 23rd 2019.  Second quarter 2019:    Revenue: €1,084 million, up 10% year-on-year (+8% at constant exchange rates)  EBITDA ([1]): €102 million, versus €23 million in Q2 2018 Positive free cash flow (1) of €16 million compared to (€164) million in Q2 2018 Positive cash flow from operating activities at €39 million versus (€61) million in Q2 2018Slight increase of (€4) million in operating working capital requirement versus a (€84) million increase in Q2 2018; net working capital requirement at 108 days of sales versus 114 at end of Q2 2018 Net debt (1) as at 30th June 2019: €2,111 million versus €2,125 Show less Read more
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