Asset disposals & other items
Asset disposals & other items amounted to (€89) million in Q1 2021, reflecting mainly accrued interests related to the financial restructuring for (€44) million, the accelerated amortization of existing bonds costs for (€16) million, the last reimbursement of NSC shareholder loan to VSB for (€9) million and the acquisition of NSC shares in VSB for (€7) million.
Net debt and liquidity
As at March 31st 2021, net debt stood at €2,364 million, versus €2,214 million as at December 31st 2020.
As at March 31st 2021, lease debt stood at €103 million, versus €108 million as at December 31st 2020.
As at March 31st 2021, cash amounted to €1,242 million, versus €1,390m as at December 31st 2020.
Vallourec reports fourth quarter and full year 2020 results
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Investegate |VALLOUREC Announcements | VALLOUREC: Vallourec reports fourth quarter and full year 2020 results
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VALLOUREC: Vallourec reports fourth quarter and full year 2020 results
Boulogne-Billancourt (France), February 17
th 2021 - Vallourec, a world leader in premium tubular solutions, today announces its results for the fourth quarter and full year of 2020. The consolidated financial information was presented by Vallourec s Management Board to its Supervisory Board on February 16
t
h 2021.
€3,242 million revenue, down 22% year-on-year (-15% at constant exchange rates)
€258 million EBITDA versus €347 million in 2019
EBITDA margin maintained almost stable, at 8.0% of revenue vs 8.3% in 2019
Free cash flow of (€111) million versus (€41) million in 2019
Net debt at €2,214 million as of December 31
st 2020 versus €2,031 million as of December 31
st 2019
Q4 2020:
€76 million EBITDA, or 9.2% of revenue versus 9.4% in Q4 2019