Vallourec SA

Latest Results (25.10.2025):

Vallourec SA announced its financial results for the second quarter of 2025, highlighting a group EBITDA of €187 million with a strong 22% margin. The company returned €370 million to shareholders through dividends and share repurchases, secured significant OCTG orders in the Middle East, and anticipates continued support for US market pricing due to increased steel tariffs.

EBITDA Performance

In Q2 2025, Vallourec achieved a group EBITDA of €187 million, reflecting a 10% sequential decrease but maintaining a solid 22% margin. The Tubes segment improved its EBITDA margin by 76 basis points to 19%, despite a 13% decline in EBITDA due to lower volumes. The Mine & Forest segment saw a 15% sequential decrease in EBITDA, yet maintained a strong 52% margin.

Shareholder Returns

Vallourec returned €370 million to shareholders in the second quarter of 2025 through dividends and share repurchases. This included a €1.50 per share dividend and the repurchase of 1.2 million shares, demonstrating the company’s commitment to delivering value to its investors.

Order Securing and Market Conditions

The company secured significant Offshore Core Tubular Goods (OCTG) orders, particularly in the Middle East. Vallourec expects further support for US market pricing driven by increased steel tariffs, which will benefit its operations and pricing strategy in the region.

Outlook

For the third quarter of 2025, Vallourec anticipates a group EBITDA ranging between €195 million and €225 million. The company expects an improvement in EBITDA in the second half of 2025 compared to the first half, with increased international volumes in the Tubes segment and profitability in Mine & Forest dependent on prevailing iron ore market prices.