VALLOURECFrench limited liability company (société anonyme) with a Board of Directorswith share capital of €4,578,568.56Registered office: 12, rue de la Verrerie – 92190 Meudon, FranceRegistered on the Nanterre Trade and Companies Register under n° 552 142 200 Meudon, 09 March 2023 Monthly information relating to the total number of voting rightsand shares comprising the share capital Article L. 233-8-II of the Code de commerce and Article 223-16 of the General Regulations of the Autorité des Ma
S&P Global Upgrades Vallourec’s Long Term Issuer Credit Rating to 'BB-' with Positive Outlook Meudon (France), 6 March 2023 – S&P Global has upgraded Vallourec’s long-term issuer credit rating to 'BB-' from ‘B+’ with a positive outlook. S&P Global affirmed the 'BB-' issue rating on its senior unsecured notes as well as the 'B' rating on its commercial paper program. S&P Global’s positive outlook reflects its expectation of higher EBITDA in 2023 vs. 2022 and a reduction in net debt in the coming
(Reuters) -French steelmaker Vallourec forecast profit growth in 2023 driven by its Tubes division and Mine and Forest business as it posted a jump in fourth-quarter core earnings, sending its shares up about 5% early on Thursday. "We are confident in the market for 2023," CEO Philippe Guillemot told reporters. Its fourth-quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) surged 129% to 312 million euros ($331 million).