Brief: Tenaris CEO sees potential upside in 2025 profit margins

Tenaris SA

24/09/2024 14:03

Sept 24 (Reuters) - Tenaris  TENR.MI  CEO and Chairman
Paolo Rocca says at a company investor day:
    * BOTTOM LINE IN H2 TO BE IN THE RANGE OF 15% BELOW THE
PREVIOUS
SEMESTER
    * WE EXPECT FLOOR OF OUR VOLUME PERFORMANCE IN H2 TO BE
AROUND 10%
BELOW H1
    * THINK 2024 PROFIT MARGIN WILL BE IN THE MIDDLE OF 20-25%
RANGE
    * 20-25% PROFIT MARGIN RANGE FOR 2024 WILL BE A FLOOR, IN
2025 WE
WILL HAVE POTENTIAL UPSIDE
    * REASONABLE IN NOVEMBER'S BOARD MEETING TO CONSIDER USE OF
AUTHORIZATION FOR $700 MILLION ADDITIONAL BUYBACK

Further company coverage:  TENR.MI 

 (Reporting by Milan newsroom)