Vallourec expects full year 2023 results to exceed its prior outlook
VALLOUREC SA SP/ADR (VLOWY)
NASDAQ:AMEX Investor Relations:
vallourec.com/en/group/finance/investor_relations/pages/default.aspx
Company Research
Source: GlobeNewswire
Press release Vallourec expects full year 2023 results to exceed its prior outlook Estimated figures indicate full year 2023 EBITDA will exceed €1,190 million and net debt will be below €580 million Meudon (France), 1 February 2024 – Vallourec, a world leader in premium tubular solutions, announces today that it expects full year 2023 results to exceed management’s prior outlook. As part of Vallourec’s Q3 2023 financial communication, Vallourec provided its full year 2023 outlook as follows: Full year 2023 EBITDA was expected to range between €1,075 million and €1,175 millionTotal cash generation was expected to be positive in the fourth quarter 2023, excluding any potential benefit of asset salesNet debt was expected to decline further versus the third quarter 2023 level of €741 million, excluding any potential benefit of asset sales Though audits are underway and accounts are not yet approved by the Vallourec Board1, Vallourec now confirms the following estimated results: Ful
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