Vallourec posted fourth quarter results

Vallourec posted fourth quarter results

French tube maker Vallourec has recently posted its fourth quarter results. As per the information SteelOrbis has received, the company recorded its consolidated sales in the aforementioned period as €597.3 million, with a decrease by 3.9% when compared with fourth quarter of 2002. However, it is observed that consolidated sales indicate an increase when compared with the third quarter of 2003, when the figure was recorded as €579.4 million. On full-year basis, Vallourec recorded its consolidated sales as €2.38 billion, which also indicates a decrease of 6.8% when compared with 2002 results.