Vallourec Achieves Net Debt Zero Objective One Year Ahead of Plan
VALLOUREC SA SP/ADR (VLOWY)
NASDAQ:AMEX Investor Relations:
vallourec.com/en/group/finance/investor_relations/pages/default.aspx
Company Research
Source: GlobeNewswire
VALLOUREC ACHIEVES NET DEBT ZERO OBJECTIVE ONE YEAR AHEAD OF PLAN Meudon (France), January 8, 2025 – Vallourec, a world leader in premium seamless tubular solutions, announces today that it has achieved its target of reaching zero net debt one year ahead of plan. Based upon preliminary closing estimates1, Vallourec has reduced its net debt by slightly more than €240 million in the fourth quarter of 2024. This marks Vallourec’s ninth straight quarter of deleveraging. Full year 2024 EBITDA is expected to be within Vallourec’s €800 – 850 million guidance range, as presented in Vallourec’s Third Quarter and Nine Months 2024 Results press release. Fourth quarter cash flows were aided by the receipt of €155 million in proceeds from the sale of the substantial majority of its Rath facility and lower capital expenditures and working capital needs versus its prior outlook2. Vallourec confirms that 80 to 100% of cash flows generated in the second half of 2024 will be eligible for return to s
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- VALLOUREC AND GEOSTOCK SIGN A PARTNERSHIP AGREEMENT TO ACCELERATE LARGE-SCALE STORAGE SOLUTIONS FOR THE ENERGY TRANSITION [Yahoo! Finance]Yahoo! Finance
- VALLOUREC AND GEOSTOCK SIGN A PARTNERSHIP AGREEMENT TO ACCELERATE LARGE-SCALE STORAGE SOLUTIONS FOR THE ENERGY TRANSITIONGlobeNewswire
- Vallourec (OTCMKTS:VLOWY) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "buy" rating on the stock.MarketBeat
- AMENDMENT TO THE TERMS AND CONDITIONS OF THE WARRANTSGlobeNewswire
- NATHALIE DELBREUVE IS APPOINTED AS CHIEF FINANCIAL OFFICER OF VALLOUREC AND JOINS THE EXECUTIVE COMMITTEE [Yahoo! Finance]Yahoo! Finance