{"id":2966,"date":"2025-01-22T14:06:05","date_gmt":"2025-01-22T14:06:05","guid":{"rendered":"https:\/\/brazil.vallourec.com\/?post_type=news&#038;p=2966"},"modified":"2025-01-27T14:09:13","modified_gmt":"2025-01-27T14:09:13","slug":"vallourec-achieves-net-debt-zero-objective-one-year-ahead-of-plan","status":"publish","type":"news","link":"https:\/\/brazil.vallourec.com\/en\/news\/vallourec-achieves-net-debt-zero-objective-one-year-ahead-of-plan\/","title":{"rendered":"Vallourec achieves net debt zero objective one year ahead of plan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2966\" class=\"elementor elementor-2966\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-edae7b6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"edae7b6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-971ffec\" data-id=\"971ffec\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8dc8a7e elementor-widget elementor-widget-text-editor\" data-id=\"8dc8a7e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Vallourec, a world leader in premium seamless tubular solutions, announces today that it has achieved its target of reaching zero net debt one year ahead of plan. Based upon preliminary closing estimates<sup>1<\/sup>, Vallourec has reduced its net debt by slightly more than \u20ac240 million in the fourth quarter of 2024. This marks Vallourec\u2019s ninth straight quarter of deleveraging.<br \/><br \/>Full year 2024 EBITDA is expected to be within Vallourec\u2019s \u20ac800 \u2013 850 million guidance range, as presented in Vallourec\u2019s Third Quarter and Nine Months 2024 Results press release. Fourth quarter cash flows were aided by the receipt of \u20ac155 million in proceeds from the sale of the substantial majority of its Rath facility and lower capital expenditures and working capital needs versus its prior outlook<sup>2<\/sup>. Vallourec confirms that 80 to 100% of cash flows generated in the second half of 2024 will be eligible for return to shareholders.<br \/><br \/>Vallourec will report its fourth quarter and full year 2024 results on February 27th, 2025.<br \/><br \/>Philippe Guillemot, Chairman of the Board of Directors, and Chief Executive Officer commented:<br \/>\u201c<em>I am extremely pleased that we have achieved our net debt zero objective a full year ahead of our initial plan. Since the third quarter of 2022, we have reduced our net debt by over \u20ac1.5 billion, completely reshaped our debt and liquidity facilities, and exited the restructuring safeguard plan. With this major balance sheet transformation, our significant and ongoing operational improvements including the<\/em><br \/><em>optimization of our industrial footprint, and our high value-added products and services strategy, our objective of making Vallourec crisis-proof is now complete. We are now ready to deliver on our goal of returning capital to shareholders by paying our first dividend in a decade in 2025<sup>3<\/sup>.<\/em>\u201d<br \/><br \/><sup>1<\/sup> The figures included herein have not yet been audited.<br \/><br \/><sup>2<\/sup> The previously announced sale of the Logistics Group (Indonesia) is now expected to close in 2025 following necessary approvals, and therefore did not contribute to fourth quarter total cash generation.<br \/><br \/><sup>3<\/sup> Vallourec\u2019s shareholder return policy would in any event be conditional upon the Board\u2019s decision taking into account Vallourec\u2019s results, its financial position including the net leverage target and the potential restrictions applicable to the payment of dividends. Dividends would also be subject to shareholders\u2019 approval.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":2031,"template":"","meta":{"_acf_changed":false},"categories":[68],"tags":[],"class_list":["post-2966","news","type-news","status-publish","has-post-thumbnail","hentry","category-group-en"],"acf":[],"yoast_head":"<title>Vallourec achieves net debt zero objective one year ahead of plan - Brazil<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/brazil.vallourec.com\/en\/news\/vallourec-achieves-net-debt-zero-objective-one-year-ahead-of-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vallourec achieves net debt zero objective one year ahead of plan - 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