The FY17 results came in well in line and the group is confident for FY18. It will keep benefiting from its strong US/Canada exposure while the high cash consumption is for good reasons (capex to secure future growth and WCR due to the higher anticipated activity level). The group remains solid and offers a much better picture than peer Vallourec.
22 Feb 2018
FY17 in line with a positive outlook
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FY17 in line with a positive outlook
- Published:
22 Feb 2018 -
Author:
Fabrice Farigoule -
Pages:
3
The FY17 results came in well in line and the group is confident for FY18. It will keep benefiting from its strong US/Canada exposure while the high cash consumption is for good reasons (capex to secure future growth and WCR due to the higher anticipated activity level). The group remains solid and offers a much better picture than peer Vallourec.