Vallourec's 1Q26 EBITDA of €187 mn exceeded consensus by 5% on strong Tubes margins, though 2Q26 guidance was softer than expected due to Middle East disruptions.
Key Takeaways
- 1.Vallourec reported 1Q26 EBITDA of €187 mn, beating Visible Alpha consensus by 5%, primarily driven by higher tubes profitability.
- 2.Tubes profitability reached $724/t, significantly higher than the $608/t consensus, due to positive price/mix effects.
- 3.2Q26 EBITDA guidance midpoint of $190 mn is approximately 7% below consensus due to ongoing geopolitical disruptions in the Middle East.
Table of Contents
- Results
- Guidance
- Valuation and key risks
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Michele Della Vigna, CFAYulia BocharnikovaAnastasia ShalaevaQuentin MarbachWill Chen
Securities
VK.PATEN.MI
Themes
Earnings PerformanceGeopolitical DisruptionMargin Optimization
Regions
EuropeNorth AmericaMiddle EastFranceUnited StatesBrazil