Billancourt

Vallourec: INCREASED 2021 OUTLOOK

Retrieved on: 
Wednesday, July 21, 2021

INCREASED 2021 OUTLOOK

Key Points: 
  • Boulogne-Billancourt (France), July 21st, 2021 Vallourec announces today to increase its 2021 outlook.
  • After completing the periodic business outlook review of the various activities of the Group, Vallourec now targets for 2021 a 475 to 525 million EBITDA and a (240) to (160) million free cash flow.
  • The largest driver of this upgrade is a higher contribution from the iron ore mine in Brazil due to more favorable than expected iron ore prices.
  • Q2 and H1 results will be released on 28th July 2021.

Vallourec Successfully Completes Its Financial Restructuring and Adopts a New Governance Structure

Retrieved on: 
Thursday, July 1, 2021

Boulogne-Billancourt, July 1, 2021 Vallourec announces today the finalization of its financial restructuring, thanks to the successful completion of the final steps of the safeguard plan approved by the Nanterre Commercial Court on May 19, 2021.

Key Points: 
  • Boulogne-Billancourt, July 1, 2021 Vallourec announces today the finalization of its financial restructuring, thanks to the successful completion of the final steps of the safeguard plan approved by the Nanterre Commercial Court on May 19, 2021.
  • Edouard Guinotte, Chairman and Chief Executive Officer, stated:
    We successfully completed the final stages of our financial restructuring.
  • Thanks to a sound financial structure and the support of our new reference shareholders, Apollo and SVPGlobal, we are in a position to fully deploy our strategic plan.
  • In addition, Mr. Paul Marchand for SVPGlobal and Mr. Conor J. Sutherland for Apollo should be appointed as non-voting observers.

Vallourec finalizes the sale of Valinox Nucléaire SAS to Framatome

Retrieved on: 
Tuesday, June 1, 2021

Boulogne-Billancourt, June 1st, 2021 Vallourec, world leader in premium tubular solutions, announces today that it has finalized the sale to Framatome of the company Valinox Nuclaire SAS, located at the French production facility in Montbard (Burgundy, Cte dOr).

Key Points: 
  • Boulogne-Billancourt, June 1st, 2021 Vallourec, world leader in premium tubular solutions, announces today that it has finalized the sale to Framatome of the company Valinox Nuclaire SAS, located at the French production facility in Montbard (Burgundy, Cte dOr).
  • Founded in 1974, Valinox Nuclaire SAS France is specialized in the manufacturing of tubes for nuclear islands.
  • Edouard Guinotte, Chairman of the Vallourec Management Board, stated the integration of Valinox into Framatome will offer it and its teams the best possible outlook.
  • The acquisition of Valinox Nuclaire SAS by Framatome will allow it to fully integrate the French nuclear sector, to benefit from potential synergies with this major player and to provide it with new sales opportunities.

VALLOUREC ANNOUNCES THE APPROVAL OF ITS SAFEGUARD PLAN BY THE COMMERCIAL COURT OF NANTERRE

Retrieved on: 
Thursday, May 20, 2021

b"Boulogne-Billancourt (France), May 20, 2021 \xe2\x80\x93 Vallourec announces that, by judgment made on May 19, 2021, the commercial court of Nanterre, after acknowledging in particular that the necessary regulatory approvals had been obtained, approved the safeguard plan of Vallourec S.A. (the \xe2\x80\x9cCompany\xe2\x80\x9d), examined during the court hearing on May 11, 2021.

Key Points: 
  • b"Boulogne-Billancourt (France), May 20, 2021 \xe2\x80\x93 Vallourec announces that, by judgment made on May 19, 2021, the commercial court of Nanterre, after acknowledging in particular that the necessary regulatory approvals had been obtained, approved the safeguard plan of Vallourec S.A. (the \xe2\x80\x9cCompany\xe2\x80\x9d), examined during the court hearing on May 11, 2021.
  • The dissemination, publication or distribution of this press release in certain countries may constitute a violation of applicable laws and regulations.
  • Accordingly, persons who are physically present in such countries and in which this press release is disseminated, distributed or published should inform themselves of and comply with any such local restrictions.
  • Parity between ADR and a Vallourec ordinary share has been set at 5:1.\n"

INCREASED 2021 OUTLOOK

Retrieved on: 
Friday, April 30, 2021

b"Boulogne-Billancourt (France), April 30th, 2021 \xe2\x80\x93 Vallourec announces today to increase its 2021 outlook.\nAfter completing the periodic business outlook review of the various activities of the Group, Vallourec now targets for 2021 a \xe2\x82\xac350 to \xe2\x82\xac400 million EBITDA and a (\xe2\x82\xac340) to (\xe2\x82\xac260) million free cash flow.\nThis stems from better perspectives on some of the markets where the Group operates, with in particular higher expected volumes and sales prices for OCTG in North America, and a higher contribution from the iron ore mine in Brazil.\nThe new free cash flow objective includes a ca.

Key Points: 
  • b"Boulogne-Billancourt (France), April 30th, 2021 \xe2\x80\x93 Vallourec announces today to increase its 2021 outlook.\nAfter completing the periodic business outlook review of the various activities of the Group, Vallourec now targets for 2021 a \xe2\x82\xac350 to \xe2\x82\xac400 million EBITDA and a (\xe2\x82\xac340) to (\xe2\x82\xac260) million free cash flow.\nThis stems from better perspectives on some of the markets where the Group operates, with in particular higher expected volumes and sales prices for OCTG in North America, and a higher contribution from the iron ore mine in Brazil.\nThe new free cash flow objective includes a ca.
  • \xe2\x82\xac65 million additional cash outflow, resulting from the exercise of the repurchase option for the debt of the lease contract (DBOT) in Brazil.
  • Vallourec's pioneering spirit and cutting edge R&D open new technological frontiers.
  • Parity between ADR and a Vallourec ordinary share has been set at 5:1.\n"

ENERGISME: Energisme raises €6.07 million in a great successful private placement round.

Retrieved on: 
Tuesday, January 19, 2021

ENERGISME: Energisme raises 6.07 million in a great successful private placement round.

Key Points: 
  • ENERGISME: Energisme raises 6.07 million in a great successful private placement round.
  • Boulogne-Billancourt, 19 January 2021 - 8.00 a.m. - ENERGISME (FR0013399359/Ticker: ALNRG), a French provider of SaaS technology for energy performance management, today announced the success of its capital increase, without pre-emptive subscription rights, through a private placement with accelerated bookbuilding.
  • The round generated considerable demand from French and European investors, for a total of 14.89 million, i.e.
  • The capital increase was carried out without pre-emptive subscription rights through private placement.

Vallourec aligns its carbon emissions reduction targets with the provisions of the Paris Agreement

Retrieved on: 
Thursday, June 25, 2020

Boulogne-Billancourt (France), June 25, 2020 Vallourec announces today its ambitions in terms of reducing its direct and indirect carbon emissions by 2025, taking 2017 as a reference year.

Key Points: 
  • Boulogne-Billancourt (France), June 25, 2020 Vallourec announces today its ambitions in terms of reducing its direct and indirect carbon emissions by 2025, taking 2017 as a reference year.
  • These objectives have been approved by the Science Based Targets initiative (SBTi).
  • In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY).
  • Parity between ADR and a Vallourec ordinary share has been set at 5:1.

Ipsen Appoints David Loew as Chief Executive Officer

Retrieved on: 
Friday, May 29, 2020
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200528005876/en/
    David Loew, CEO at Ipsen as of July 1st 2020 (Photo: Business Wire)
    Ipsen (Euronext: IPN; ADR: IPSEY) announced today that its Board of Directors has appointed David Loew as its new Chief Executive Officer (CEO) and as Board member.
  • David Loew will be based at Ipsens headquarters in Boulogne-Billancourt, France.
  • The Board and I are delighted to welcome David Loew as Ipsens new CEO.
  • David is a seasoned leader with extensive worldwide experience in business areas of key importance to Ipsen, said Marc De Garidel, Chairman of Ipsen.

Vallourec extends a contract to supply seamless steel tubes and specialized services to Equinor

Retrieved on: 
Wednesday, May 13, 2020

Boulogne-Billancourt (France), May 13, 2020 Vallourec today announces its contract with Equinor in Brazil was recently extended to March 2024.

Key Points: 
  • Boulogne-Billancourt (France), May 13, 2020 Vallourec today announces its contract with Equinor in Brazil was recently extended to March 2024.
  • The scope of the contract has been expanded to include new products in the line of seamless steel tubes and OCTG accessories used for their operations in Brazil, as well as storage, maintenance, rig preparation, collaborative planning, rig return, inspection and repair services.
  • We are honored to have been chosen as preferred supplier of tubular solutions for Equinor's projects in Brazil.
  • In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY).

Vallourec reduces its workforce in North America

Retrieved on: 
Monday, April 6, 2020

Boulogne-Billancourt (France), April 6th 2020 Vallourec announces today the reduction of its workforce in North America in response to the unforeseen, sudden and significant drop of activity confirmed by its Oil and Gas customers.

Key Points: 
  • Boulogne-Billancourt (France), April 6th 2020 Vallourec announces today the reduction of its workforce in North America in response to the unforeseen, sudden and significant drop of activity confirmed by its Oil and Gas customers.
  • This reduction will affect over 900 positions (over one third of our total workforce and contractor positions in North America) across all plants as well as support functions.
  • After reviewing possible alternatives, they were not made lightly and I, together with Vallourec Executive Committee will ensure they will be implemented in the full respect of Vallourec values.
  • In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R2094, Ticker: VLOWY).