Vallourec: stable net income despite declining sales in Q3 2024
The French industrial giant Vallourec reported a slight drop in net income to €73 million in Q3 2024. This stability is attributed to its premiumization strategy and strong margins despite challenging market conditions.
| Countries | Brésil, Allemagne, France, États-Unis |
|---|---|
| Companies | Thermotite do Brasil, Vallourec |
| Sector | Pétrole, Métaux critiques |
| Theme | Marchés & Finance |
The French seamless steel tube specialist Vallourec released its financial results for Q3 2024, showing a net income of €73 million, a decline of 3.9% compared to the same period in 2023. The company reported revenue of €894 million, down 21.7%. This decrease is mainly due to lower delivery volumes and pricing in the U.S. market, as well as the closure of European sites.
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