26 de abril de 2017 / 17:49 / en 4 meses

BRIEF-Vallourec Q1 net loss group share narrows to EUR 126‍​ million

April 26 (Reuters) - Vallourec:

* Q1 revenues EUR 783‍​ million versus EUR 671 million year ago

* Q1 operating loss EUR ‍​111 million versus loss of EUR 290 million year ago

* Q1 net loss group share EUR 126‍​ million versus loss of EUR 284 million year ago

* Confirms that it targets improvement in gross operating profit of EUR 50 million to EUR 100 million compared to 2016; now targets upper part of this range

* In 2017, Oil&Gas division sales in US are expected to grow more significantly than originally anticipated

* In 2017, in Brazil, drilling activity is expected to remain relatively stable compared to 2016

* In 2017, turnover in EAMEA region is expected to continue to suffer from low level of activity and prices reflected in orders to be delivered in region

* In 2017, does not anticipate any significant change in its other activities, with exception of iron ore sales in Brazil, which are expected to improve compared to 2016 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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