Vallourec expects results to exceed its previous guidance for the year 2023.

Vallourec confirms that it expects Gross Operating Income (GOI) for the year 2023 to exceed 1,190 million euros (previously expected between 1,075 million euros and 1,175 million euros). EBITDA for the fourth quarter of 2023 is expected to exceed €275 million.

Overall cash generation in the fourth quarter of 2023 is expected to exceed €140 million, which includes approximately €37 million related to the disposal of the Muelheim site.

Vallourec's net debt at the end of December 2023 is expected to be less than €580 million.

Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer, said: "The fourth-quarter results round off a year of strong growth for Vallourec. On the strength of the execution of the New Vallourec plan, the Group achieved its best EBITDA and cash generation in almost 15 years.

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