BOULOGNE-BILLANCOURT

Vallourec Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Friday, March 1, 2024

In Q4 2023, Vallourec recorded a €153 million income related to the reversal of previously-booked impairments.

Key Points: 
  • In Q4 2023, Vallourec recorded a €153 million income related to the reversal of previously-booked impairments.
  • In Q4 2023, Vallourec recorded a (€185) million charge predominantly related to its restructuring efforts in Germany.
  • Over the full year 2023, Vallourec recorded revenues of €5,114 million, up 5% year-on-year (+6% at constant exchange rates).
  • This estimate includes the impact of the provisions and charges recorded in Fourth Quarter 2023.

Vallourec: Invitation to Q4 & FY 2023 Results Release and Conference Call

Retrieved on: 
Monday, February 12, 2024

Vallourec will publish Fourth Quarter and Full Year 2023 Results on March 1st, 2024 at 07:30 AM CET.

Key Points: 
  • Vallourec will publish Fourth Quarter and Full Year 2023 Results on March 1st, 2024 at 07:30 AM CET.
  • Philippe Guillemot, Chairman of the Board and Chief Executive Officer, and Sascha Bibert, Chief Financial Officer are pleased to invite you to a presentation of the results via conference call and audiocast at 09:30 AM CET.
  • To connect to the audiocast (live and replay), please visit: https://channel.royalcast.com/landingpage/vallourec-en/20240301_1/
    To participate in the call, please dial:

Vallourec Secures Significant Purchase Order from Wintershall Dea for Premium Tubular Solutions in the North Sea

Retrieved on: 
Thursday, February 8, 2024

Meudon (France), 8 February 2024 – Vallourec, a world leader in premium steel tubular solutions, announces it has been awarded a purchase order for the supply of premium OCTG solutions with the German company Wintershall Dea as part of the long-standing partnership between the two companies.

Key Points: 
  • Meudon (France), 8 February 2024 – Vallourec, a world leader in premium steel tubular solutions, announces it has been awarded a purchase order for the supply of premium OCTG solutions with the German company Wintershall Dea as part of the long-standing partnership between the two companies.
  • The order includes nearly 3,000 tonnes of pipes, including a large volume of high-end CRA material (corrosion resistant alloy), connections, accessories, and associated services, for the Dvalin North deepwater gas development project in the Norwegian North Sea.
  • Vallourec's contribution to the Dvalin North project involves the supply of its best-in-class VAM® 21 connections featuring the environmentally-friendly CLEANWELL® dope-free solution.
  • Vallourec is also supporting other major projects for Winteshall Dea such as the Maria Development and the Luna and Havstjerne CCS licenses.

Damien Rebourg appointed Communication and Public Affairs Senior Vice President

Retrieved on: 
Wednesday, February 7, 2024

Meudon (France), February 7, 2024 – Vallourec, a world leader in premium steel tubular solutions, announces today the appointment of Damien Rebourg as Communication and Public Affairs Senior Vice President.

Key Points: 
  • Meudon (France), February 7, 2024 – Vallourec, a world leader in premium steel tubular solutions, announces today the appointment of Damien Rebourg as Communication and Public Affairs Senior Vice President.
  • Damien Rebourg succeeds Valérie La Gamba on the communication scope of the function.
  • Philippe Guillemot, Chairman of the Board and Chief Executive Officer said: “I am delighted to welcome Damien to the Group and to the Executive Committee.
  • Damien brings a wide and extensive experience of Communication and Public Affairs in complex international environments where the excellence of the function strongly contributes to value creation.

Vallourec expects full year 2023 results to exceed its prior outlook

Retrieved on: 
Thursday, February 1, 2024

Meudon (France), 1 February 2024 – Vallourec, a world leader in premium tubular solutions, announces today that it expects full year 2023 results to exceed management’s prior outlook.

Key Points: 
  • Meudon (France), 1 February 2024 – Vallourec, a world leader in premium tubular solutions, announces today that it expects full year 2023 results to exceed management’s prior outlook.
  • Relative to Vallourec’s prior outlook, results exceeded expectations in both main segments, but particularly in the Tubes results in the Americas.
  • Vallourec expects to further deleverage its balance sheet and achieve zero net debt by year-end 2025 at the latest.
  • Philippe Guillemot, Chairman and CEO of Vallourec, said: "Our fourth quarter results bring a highly successful year for Vallourec to a close.

Hydrogen storage: H2V and Vallourec sign partnership agreement

Retrieved on: 
Wednesday, January 31, 2024

Paris, January 31, 2024 - Vallourec, a world leader in premium tubular solutions, and H2V, a subsidiary of the SAMFI-Invest group, have signed a partnership agreement at the Hyvolution trade show.

Key Points: 
  • Paris, January 31, 2024 - Vallourec, a world leader in premium tubular solutions, and H2V, a subsidiary of the SAMFI-Invest group, have signed a partnership agreement at the Hyvolution trade show.
  • This includes investigating the potential integration of the Delphy storage solution, developed by Vallourec, with the green hydrogen production and use projects developed by H2V in Marseille Fos.
  • H2V has been a French pioneer in the mass production of green hydrogen since 2016.
  • This agreement follows Vallourec’s entry into the hydrogen storage market with the launch of Delphy, its first large-scale vertical solution.

Vallourec to support multi-energy project for TotalEnergies in Iraq

Retrieved on: 
Tuesday, January 16, 2024

Meudon, 16 January 2024 – Vallourec, a world leader in premium tubular solutions, has signed a contract with TotalEnergies for the supply of casing and tubing and associated accessories for the first phase of the Gas Growth Integrated Project (GGIP) in Iraq.

Key Points: 
  • Meudon, 16 January 2024 – Vallourec, a world leader in premium tubular solutions, has signed a contract with TotalEnergies for the supply of casing and tubing and associated accessories for the first phase of the Gas Growth Integrated Project (GGIP) in Iraq.
  • Vallourec has been a supplier to TotalEnergies for many years, drawing on its long experience in Iraq to provide its long-standing partner with a competitive premium offering that covers all its OCTG needs.
  • Group Chairman and CEO Philippe Guillemot commented: “We are delighted to have been chosen by TotalEnergies for the first stage of this flagship project in Iraq.
  • In addition to the drilling, our team is fully committed to working with our long-standing partner to support all future phases of this multi-energy project.”

Cegedim: Growth continued in third quarter 2023

Retrieved on: 
Thursday, October 26, 2023

Insurance BPO posted growth of 70% in the third quarter and 51.5% over the first nine months, driven by the April 1 start of the Allianz contract and overflow business.

Key Points: 
  • Insurance BPO posted growth of 70% in the third quarter and 51.5% over the first nine months, driven by the April 1 start of the Allianz contract and overflow business.
  • Development in BPO for HR departments continues, with cumulative growth of 8.4% since the start of the year.
  • To the best of the company's knowledge, there have been no national or international events or changes during the third quarter of 2023 that would be likely to have a material impact on the Group's financial position.
  • It was sent to Cegedim’s authorized distributor on October 26, 2023, no earlier than 5:45 pm Paris time.

Cegedim: Release of its 2023 Interim Financial Report

Retrieved on: 
Friday, September 22, 2023

Cegedim , an innovative technology and services company, announces that its Financial report for the 1st Half of 2023 is available free of charge in French and -in a few days’ time- in English (that is a free translation into English of the “Interim Financial Report 2023” issued in French):

Key Points: 

Cegedim , an innovative technology and services company, announces that its Financial report for the 1st Half of 2023 is available free of charge in French and -in a few days’ time- in English (that is a free translation into English of the “Interim Financial Report 2023” issued in French):