20
May
10:50
Oil and gas to drive increased profitability: Vallourec
French pipemaker Vallourec anticipates a continued recovery in global oil and gas activity, it says in its first-quarter financial report monitored by Kallanish. The company anticipates a strong Q2 and strong increase in Ebitda.
Vallourec reported a strong financial performance in Q1. Revenue stood at €1,025 million ($1,144m), up 19% year-on-year and Ebitda was €67m versus €5m in Q1 2018.
“The strong growth in Ebitda was notably driven by…
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Anonymous
Very good overview of the weekly steel market.
Anonymous