Tenaris CEO sees potential upside in 2025 profit margins
Sept 24 (Reuters) -Tenaris TENR.MI CEO and Chairman Paolo Rocca says at a company investor day:
BOTTOM LINE IN H2 TO BE IN THE RANGE OF 15% BELOW THE PREVIOUS SEMESTER
WE EXPECT FLOOR OF OUR VOLUME PERFORMANCE IN H2 TO BE AROUND 10% BELOW H1
THINK 2024 PROFIT MARGIN WILL BE IN THE MIDDLE OF 20-25% RANGE
20-25% PROFIT MARGIN RANGE FOR 2024 WILL BE A FLOOR, IN 2025 WE WILL HAVE POTENTIAL UPSIDE
REASONABLE IN NOVEMBER'S BOARD MEETING TO CONSIDER USE OF AUTHORIZATION FOR $700 MILLION ADDITIONAL BUYBACK
Further company coverage: TENR.MI
Reporting by Milan newsroom
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