Düsseldorf-Rath

Vallourec Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Friday, March 1, 2024
Fossil fuel, RCF, Growth, Sale, Nature, Oil, HKM, Treasury, AMF, Yoy, Düsseldorf-Rath, Tax, Electricity, Income tax, FY, Value, ABL, ACC, Environment, Iron

In Q4 2023, Vallourec recorded a €153 million income related to the reversal of previously-booked impairments.

Key Points: 
  • In Q4 2023, Vallourec recorded a €153 million income related to the reversal of previously-booked impairments.
  • In Q4 2023, Vallourec recorded a (€185) million charge predominantly related to its restructuring efforts in Germany.
  • Over the full year 2023, Vallourec recorded revenues of €5,114 million, up 5% year-on-year (+6% at constant exchange rates).
  • This estimate includes the impact of the provisions and charges recorded in Fourth Quarter 2023.

Vallourec Q1 2023 Results

Retrieved on: 
Wednesday, May 17, 2023
Fossil fuel, Income tax, International, CET, SG, Conference call, Table, Düsseldorf-Rath, Oil, Sale, Gas, Public expenditure, EBITDA, Iron, Nature, FX, RCF, ABL, AMF, Growth, Appendix, Conference, Video game, Cryptocurrency, Mobile phone, Bank, Bookkeeping, Rare-earth element, Uranium mining, Security (finance), Broadcasting, Vallourec, Tube

Financial income (loss) was negative at (€46) million, compared with (€13) million in Q1 2022 driven by FX losses among others; net interest expenses in Q1 2023 stood at (€26) million compared to (€22) million in Q1 2022.

Key Points: 
  • Financial income (loss) was negative at (€46) million, compared with (€13) million in Q1 2022 driven by FX losses among others; net interest expenses in Q1 2023 stood at (€26) million compared to (€22) million in Q1 2022.
  • In Q1 2023, the iron ore mine production sold reached 1.5 million tonnes, compared to 0.1 million tonnes in Q1 2022.
  • Mine and Forest revenues in Q1 2023 reached €93 million, increasing strongly year-on-year (€24 million in Q1 2022).
  • In Q1 2023, free cash flow, as previously defined, was €147 million, compared with (€230) million in Q1 2022.

Vallourec: Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Thursday, March 2, 2023
SG, Nature, EBITDA, A Translation Guide to 19th-Century Polish-Language Civil-Registration Documents, Iron, FY, Mine, Conference call, Fossil fuel, Conference, CET, Oil, Düsseldorf-Rath, Sale, Income tax, FX, AMF, Recollections of Full Years, Growth, Gas, Line of credit, CAPEX, Video game, Pharmaceutical industry, Cryptocurrency, Bookkeeping, Rare-earth element, Renewable energy, Security (finance), Credit, Broadcasting, Vallourec

In the Fourth Quarter of 2022, Vallourec recorded revenues of €1,541 million, up 45% year-on-year and by 31.5% at constant exchange rates.

Key Points: 
  • In the Fourth Quarter of 2022, Vallourec recorded revenues of €1,541 million, up 45% year-on-year and by 31.5% at constant exchange rates.
  • The increase in Group revenues reflects:
    In the Fourth Quarter of 2022, EBITDA amounted to €312 million compared with €136 million in Q4 2021; the EBITDA margin reached 20.2% of revenues versus 12.8% in Q4 2021.
  • As of December 31, 2022, net debt stood at €1,130 million, compared with €1,493 million on September 30, 2022.
  • Volumes sold in 2022 amounted to 4.0 million tonnes, slightly ahead of estimates given at the Q3 2022 results release.