Vallourec's first-quarter profit rises on higher US prices

Vallourec SA

13/05/2026 06:30

May 13 (Reuters) - French steel tubes maker Vallourec VLLP.PA on Wednesday reported a 4% rise in its first-quarter core profit that landed within its previously given guidance range, boosted by rising market prices in the United States.

Vallourec's earnings before interest, taxes, depreciation and amortization (EBITDA) reached $220 million in the January-March quarter. It had guided for them to come between 165 million and 195 million euros ($194 million and $229 million) when it reported fourth-quarter results.

The company changed its reporting currency from the euro to the U.S. dollar from the start of January.

($1 = 0.8522 euros)

(Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak)

((mathias.derozario@thomsonreuters.com))