Vallourec Q2 EBITDA Increases To 102 Million Euros [Reuters]
VALLOUREC SA SP/ADR (VLOWY)
NASDAQ:AMEX Investor Relations:
vallourec.com/en/group/finance/investor_relations/pages/default.aspx
Company Research
Source: Reuters
Vallourec SA (VLLP.PA) Key Developments | Reuters.com Nov 26 (Reuters) - Vallourec SA ::VALLOUREC PROVIDES ADDITIONAL INFORMATION REGARDING ITS LIQUIDITY..SAYS AS AT SEPTEMBER 30TH 2018, GROUP HAD EUR 769M OF CASH, AND UNDRAWN MEDIUM AND LONG TERM CONFIRMED FACILITIES OF EUR 2.2BN..SAYS ON SAME DATE NET DEBT WAS EUR 2,097M INCLUDING SHORT TERM DEBT OF EUR 1,072M, OF WHICH EUR 264M WAS COMMERCIAL PAPER..SAYS TARGETS A CONTINUED GROWTH IN ITS OIL AND GAS ACTIVITY IN 2019 AND EXPECTS FURTHER SIGNIFICANT COST SAVINGS AND CONTINUOUS DEPLOYMENT OF ITS NEW COMPETITIVE MANUFACTURING ROUTES..SAYS EACH OF THESE OBJECTIVES SHOULD CONTRIBUTE TO AN INCREASE IN EBITDA..SAYS BASED ON CURRENT MACROECONOMIC AND MARKET TRENDS AND OBJECTIVES OUTLINED, GROUP WOULD RESPECT ITS BANKING COVENANT AT END OF 2019.S&P HAD EARLIER REVISED VALLOUREC TO RATING 'B-' FROM 'B'; OUTLOOK 'NEGATIVE' nAQN001CV7. Full Article July 25 (Reuters) - VALLOUREC SA ::Q2 NET LOSS GROUP SHARE EUR 137?? MILLION VERSUS LOSS EUR 1
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