Turnover: 3.4 billion EUR (2021)

Country: France

Vallourec was founded in 1957 and is now headquartered in Paris (France)

It specializes in hot-rolled seamless steel tubes, expandable tube technology, automotive parts and stainless steel, which it supplies to the energy, construction, automotive and mechanical engineering sectors.

Europe accounts for around 16% of Group sales, while Asia and the Middle East account for 31.3% and North America for 27.6%

Some 17,00018 employees worldwide, including 5,000 in France.

News

Storing hydrogen in tubes: Vallourec's idea to get the market off the ground 06/12/2023

Vallourec opens up new markets with 3D printing. 01/07/2023

  • Two 3D printing robots are installed at Vallourec's Aulnoye-Aymeries site, along with five others
  • Vallourec has chosen wire arc deposition (WAAM) technology for its 3D printing process.
  • WAAM can be used to manufacture parts weighing up to a ton.
  • A robot costs between 200,000 and 250,000 euros.
  • The new robots will be able to print 10 to 20 tons of parts each year, compared with the 400,000 tons produced by a rolling mill.
  • WAAM technology is suitable for small production runs of between 10 and 20 parts.
  • Naval Group is Vallourec's first customer for its French site.
  • Vallourec already has a robot in Germany and others in Singapore using WAAM.

In Montbard, Valti unveils its plan to relaunch the former Vallourec subsidiary in SME mode 18/11/2022

  • Vallourec Bearing Tubes (VBT) becomes Valti
  • Owned by the German investment fund Mutates, which specializes in taking over companies in difficulty
  • Bearings market accounts for 2/3 of business (for SNR, SKF, Schaeffler or Koyo), mechanical engineering 1/3
  • Sales fell to 45.8 million in 2021 (55% exported)
  • Target 64 million by 2022, and break-even by 2023
  • Headcount down to 176

Vallourec undertakes radical restructuring in Europe. 18/05/2022

  • The group is cutting some 3,000 jobs, or almost a fifth of its workforce.
  • Germany is paying the heaviest price, with the closure of two plants employing 2,400 people.
  • In France, more than 300 jobs will be cut, and the Saint-Saulve site in the Nord region will be closed.
  • No buyer for the two rolling mills in Germany

Vallourec to cut 320 jobs in France 18/05/2022

  • The French group specializing in seamless metal tubes for the oil and gas industry is cutting 2,950 of its 17,000-plus jobs worldwide, including 2,400 in Germany and 320 in France
  • The reason is a reorganization that will result in the closure of certain sites, such as Saint-Saulve in the Nord region of France
  • Most job cuts will be in Germany
  • The 2,4000 job cuts in Germany should have a positive impact of 130 million euros on Ebitda

Financial Data

DUNS: 552142200

Legal Name: VALLOUREC

Address: 12 RUE DE LA VERRERIE , 92190 MEUDON

Number of employees: Entre 3 et 5 salariés (2021)

Capital: 4 745 437 EUR


Financial Data:

Year 2022 2021 2020 2019 2018 2017 2016 2015
Turnover 2 086 000 2 933 000 5 381 000 5 381 000 2 335 000 5 050 000 5 758 000 3 769 000
Gross margin (€) 3 343 000 3 860 000 7 530 000 7 530 000 32 690 000 - 15 545 000 -
EBITDA (€) -12 749 000 -10 020 000 -10 138 000 -12 256 000 -27 557 000 - -23 562 000 -
Operating profit (€) -13 095 000 -19 265 000 -16 953 000 -16 953 000 - - -13 775 000 -
Net profit (€) 1 657 926 000 510 764 000 -63 648 000 -63 648 000 -34 718 000 -39 056 000 -17 841 000 61 538 000
Turnover growth rate (%) -28,9 8,4 98,9 130,4 116,3 -12,3 52,8 -
Ebitda margin rate (%) -611,2 -341,6 -188,4 -227,8 -545,7 - -409,2 -
Operating margin rate (%) -627,8 -656,8 -315,1 -315,1 - - -239,2 -
Working Capital (turnover days) 71 416,8 50 179,7 143 764,4 143 238,4 28 427,4 - 30 753,1 -
Working Capital requirements (turnover days) -581,1 - -214,4 183,8 -607,3 - - -
Net margin (%) 79 478,7 17 414,4 -1 182,8 -1 182,8 -773,4 - -309,8 -
Added value / Turnover (%) -338 -148 -87,2 -87,2 613,4 - 100 -
Wages and social charges (€) 5 366 000 3 898 000 4 093 000 4 093 000 - - - -
Salaries / Turnover (%) 257,2 132,9 76,1 76,1 - - - -

Company Managers:

Position First Name Last Name Age Linkedin
Président du conseil d'administration et directeur général Edouard Guinotte 53
Président du conseil d'administration et directeur général Philippe, Claude, Andre Guillemot 64
Directeur général délégué Olivier Mallet 67
Administrateur Angela Minas 60
Administrateur Gareth Turner 60
Administrateur Pierre Vareille 66
Administrateur Hera Siu 64
Administrateur Corine DE Bilbao 57
Administrateur Luciano Siani Pires 54
Autre Patrick Poulin 57

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