9,724.50 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.45 TRY Interest Interest
73.24 USD Fossil Oil Fossil Oil
29.75 USD Silver Silver
4.12 USD Copper Copper
100.31 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,628.71 TRY Gold (gr) Gold (gr)

Vallourec's revenue increased in the first quarter

Vallourec's revenue increased in the first quarter compared to the same period of the previous year.

Vallourec's revenue increased in the first quarter

Vallourec, the world leader in premium piping sector solutions serving mainly the energy markets, announced its position in the first quarter of 2023. EBITDA reached EUR 320 million, driven by high profitability in the pipe sector and developments in the mining and forestry sectors. Net debt decreased by EUR 130 million to EUR 1 billion. Revenue, meanwhile, totalled around EUR 1.34 billion, an increase of 46% on the previous year.

Vallourec noted that demand from customers was strong, particularly Middle East national oil companies and other Eastern Hemisphere customers.

The company also said that 2023 was a turning point for Vallourec and that it is seeking to expand the business in Brazil, which will allow Vallourec to increase its South American pipes operation.

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