Vallourec: loss increases in Q1 2018
(CercleFinance.com) - Vallourec has reported Q1 2018 turnover of 862 million euros, up 10.
1% y-o-y.
At a constant consolidation scope and exchange rates, turnover increased by 22.1%.
The net result, group share works out as a loss of 170 million euros, against a loss of 126 million euros in Q1 2017.
The group is aiming for higher 2018 EBITDA relative to 2017, with stronger growth in H2 2018 than in H1, the specialist of premium tubular solutions said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1% y-o-y.
At a constant consolidation scope and exchange rates, turnover increased by 22.1%.
The net result, group share works out as a loss of 170 million euros, against a loss of 126 million euros in Q1 2017.
The group is aiming for higher 2018 EBITDA relative to 2017, with stronger growth in H2 2018 than in H1, the specialist of premium tubular solutions said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.