Vallourec Q2 earnings hit by lower sales volumes
Its operating earnings before interest, taxes, depreciation and amortization (EBITDA) fell to 187 million euros ($219.56 million) in the second quarter of 2025, compared to 170-200 million euros range expected by the company and 215 million euros a year ago.
It now expects its EBITDA to be between 195 and 225 million euros in the third quarter and sees its year to be marked by an improvement in the second half by charging higher international prices and cutting costs.
"Commercially, Vallourec has confirmed its attractiveness, CEO Philippe Guillemot said in a call with journalists. "This is reflected in the orders and contracts won throughout the first half of the year, such as Sonatrach in Algeria and Allseas in Brazil."
The metallurgical group which reached its zero net debt objective in January, a year earlier than planned, thanks to cost saving measures, posted a net debt of 201 million euros in the quarter.
"In the coming quarters, we're going to continue to generate cash and continue to reduce this debt," Guillemot added.
($1 = 0.8517 euros)
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