Vallourec: INCREASED 2021 OUTLOOK
INCREASED 2021 OUTLOOK
- 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.