Investing in Vallourec is supporting a profoundly transformed company, , with a strategy focused on value creation and operational excellence that continues to bear fruit.
Vallourec, a high-yield investment
- Shareholders at the heart of capital allocation strategy
- Distribution of 80-100% of total cash generation to shareholders
- Maintain flexibility for potential future share buyback programs
VALLOUREC (VK.PAR) share price in euros
2025 dividend of €1.50
objective of redistributing 80-100%
of total cash generation
Share price increase of +125%
(02.27.2022 to 04.15.2025)
Dividend yield of c.10%
one of the highest in the SBF 120
(as of 04.15.2025)
Vallourec, first dividend in 10 years
Having fully achieved its debt reduction objective (zero net debt), Vallourec enters a new phase in its development, marked by a capital allocation policy that places shareholders at the heart of its priorities.
The return of the dividend announced for the 2024 financial year and proposed to the 2025 Annual General Meeting marks the first return to shareholders in ten years and lays the foundations for future recurring returns.
Vallourec, a transformed company
A trusted partner covering 4 areas of expertise
HYDROCARBONS
Tubes, connections and services for developing Oil and Gas fields, from the simplest to the most complex.
INDUSTRY
Lightweight and resistant tubes for the automotive sector, agribusiness, the construction industry, mechanicals, etc.
IRON ORE PRODUCTION
Operation of an iron mine in Brazil for external and internal use.
NEW ENERGIES
Tubes, connections and systems for the hydrogen, geothermal, and carbon capture markets.
The Group
€4 Bn
in revenue
>13 000
employees
35
production sites
20
countries
Research and Development
€36 M
spent on R&D
280
PhD candidates, engineers and technicians
3
main research and test centers
>4000
registered
patents
patents
Serving 2 key markets Oil & Gas et New Energies
Vallourec provides a comprehensive range of premium seamless tubes, specialty tubes, and innovative solutions to meet the most demanding client needs in the Oil & Gas and New Energies sectors (including hydrogen, geothermal, and carbon capture and storage).
The Group’s commitment to reliability and cost effectiveness makes it the preferred choice for clients tackling complex applications and extreme conditions.
Delphy is a tangible solution to the challenges posed by the hydrogen value chain. It enables the safe storage of between 1 and 100 tonnes of compressed gaseous hydrogen in underground in tube strings with optimized safety and a minimal surface footprint. A pilot project is underway in Aulnoye (northern France) to test and demonstrate the effectiveness of this solution.
Deep dive into the new Vallourec plan
Announced in 2022, the New Vallourec plan aimed to create a company that will remain profitable and sustainable, regardless of market conditions. The roadmap was clear: deliver best-in-class profitability, reduce the profitability gap with the sector’s leading players and make Vallourec resistant to market fluctuations.
Two major operational initiatives were key to achieving these goals:
1. Realigning the Group’s industrial footprint around three geographies – North America, South America, and Eastern Hemisphere – and thus be closer to our key markets.
2. Targeting value over volume, focusing on premium markets and exiting all commodity markets.
Our significant progress in reshaping Vallourec has been recognized by the three main rating agencies: S&P (BB+; Positive Outlook), Moody’s (Ba2; Positive Outlook) and Fitch, which has rewarded our efforts by positioning Vallourec in the Investment Grade category (BBB-; Stable Outlook).
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