Tenaris achieves a record-breaking 2023 thanks to growth in turnover, gross operating margin and net profit.
During the year, revenues reached 14.9 billion dollars (13.7 billion euros), up 26% compared to 2022. Net profit is close to 4 billion dollars (3.7 million euros ), up 55% compared to the previous year.
Gross operating margin (Ebitda) rose to 4.8 billion dollars (4.4 billion euros).
The company expects to pay a dividend of $0.60 per share, for a total amount of approximately $700 million.
The amount includes the $0.20 per share interim payment paid in November 2023.
The second $300 million tranche of the previously announced $1.2 billion share repurchase program is expected to begin on Monday, May 20.
For the current year, the company expects first-half sales to be in line with those of the second half of 2023.
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