Vallourec Plans To Honor Generous Dividend Policy

  • Vallourec's financial performance remains robust, with improved balance sheet, plant optimization, and a renewed commitment to dividends supporting the investment case. Despite oil price volatility, Q1 results show continued profitability and solid underlying free cash flow, even after restructuring expenses. Management guides for stable or slightly improved EBITDA in 2024, with H2 expected to outperform H1, and a strong focus on shareholder returns via dividends.