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The French company Vallourec reported a decrease in sales revenue in January-September due to a weaker pipe segment.

Французская компания Vallourec сообщила о снижении выручки от продаж в январе-сентябре на фоне более слабого сегмента труб
French pipe manufacturer Vallourec has announced its financial results for the third quarter and the first nine months of this year.

In the third quarter of this year, Vallourec's sales revenue increased by 1.9 percent year-on-year to €911 million, while EBITDA was €210 million compared to €168 million in the third quarter of last year. In the first nine months of this year, the company's sales revenue amounted to €2.77 billion, down 6.8% year-on-year, driven by lower volumes and average selling prices in the pipe segment, while EBITDA was €604 million, compared with €618 million in the same period last year.

The company's sales increased by 3.8% year-on-year to 303,000 tons in the third quarter of the year, while sales in January-September totaled 909,000 tons, down 2.8% year-on-year.

The company expects EBITDA in the range of € 799-829 million for the full year.



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