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Stock impact report

Vallourec reports second quarter and first half 2021 results

VALLOUREC SA SP/ADR (VLOWY) 
Company Research Source: GlobeNewswire
Vallourec reports second quarter and first half 2021 results Boulogne-Billancourt (France), July 28th 2021 – Vallourec, a world leader in premium tubular solutions, announces today its results for the second quarter and first half 2021. The Board of Directors of Vallourec SA, meeting on July 27th 2021, approved the Group's second quarter and half year 2021 accounts. Q2 2021: strong EBITDA increase €842 million revenue, stable year-on-year, the decrease of the Oil & Gas activity in EA-MEA being offset by the mine contribution and the dynamism of the Industry markets€148 million EBITDA, versus €43 million in Q2 2020, EBITDA margin increasing to 17.6% Free cash flow at (€135) million including one-off financial restructuring fees versus (€77) million in Q2 2020 Successful completion of the financial restructuring on June 30th 2021 As at June 30th 2021, net debt at €720 million and equity Group share at €1,602 millionAs at June 30th 2021, strong liquidity of €1,189 millio Show less Read more
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