Tenaris achieves a record 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), an increase of 26% compared to 2022. Net profit was close to 4 billion dollars (3.7 million euros), in 55% increase compared to the previous year.
The 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 that sales in the first half of 2023 will be in line with those of the second half of 2023.
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