Previous close | 10.35 |
Open | 10.32 |
Bid | 10.28 x 0 |
Ask | 10.71 x 0 |
Day's range | 10.15 - 10.56 |
52-week range | 8.47 - 15.05 |
Volume | |
Avg. volume | 824,331 |
Market cap | 2.431B |
Beta (5Y monthly) | 2.53 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 04 Jun 2015 |
1y target est | N/A |
Salzgitter is not in discussions with Thyssenkrupp about a steel merger, its chief executive said, responding to what sources have said are renewed efforts by the German conglomerate to sell its steel division. Sources told Reuters last week that Thyssenkrupp had revived efforts to explore a divestment of Steel Europe, which the company has been wanting to list, merge or spin off for most of the past two decades. "So far I have not seen any economic and industrial concept that is so convincing that I would propose it to our shareholders," Gunnar Groebler said when asked about the appeal of a tie-up of the country's top steelmakers.
(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).
(Reuters) -French steelmaker Vallourec's shares slipped on Monday after it reported a 55% rise in quarterly core profit, driven by its tubes business, which fell short of expectations. Vallourec also reported negative free cash flow of 81 million euros for the third quarter, but said it still expects this to turn positive for the second half of 2022. Shares in Vallourec, which are up more than 22% year-to-date, were down 6% at 1113 GMT after the results, which showed third-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 198 million euros ($204 million).
By Scott Kanowsky
Vallourec SA (VLOWY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Vallourec SA (VLOWY) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Vallourec expects a big jump in 2022 core profit to between 650 million and 750 million euros ($659-$760 million), the French steel pipemaker said on Wednesday, even though its iron ore mine in Brazil is not operating at full capacity. Vallourec said operations at its Pau Branco mine, which have been gradually restarting after heavy rainfall in January, would be back to normal no sooner than the second quarter of 2023. If the mine had operated at full capacity, annual core profit could have reached one billion euros this year, excluding any effect from its restructuring plan, the firm in a statement.