Tenaris S.A.

Equities

TEN

LU2598331598

Oil Related Services and Equipment

Market Closed - Borsa Italiana Other stock markets 11:45:00 2025-02-07 am EST			5-day change	1st Jan Change
18.44 ^EUR	+0.03%		+0.30%	+2.02%

Feb. 07	DIARY - Italy to March 31	RE
Feb. 04	DIARY - Italy to March 31	RE

Tenaris can also use cash for M&A and new business

January 20, 2025 at 12:38 am EST

(Alliance News) - Over the past 12 months, Tenaris has gained 31 percent on the stock market, benefiting from sanctions on Russian oil tankers and the outlook for oil price stability. On the stock market, the company capitalizes nearly EUR22 billion, with an average target price of EUR19.6.

As Milano Finanza writes, after a complex 2023, with revenues down 15 percent and reduced margins, Tenaris started a recovery thanks to dividends and USD700 million buybacks. However, difficulties related to lower sales in Mexico and Saudi Arabia will weigh on Q4 2024 accounts.

In 2025, the company expects revenues and ebitda to increase due to a recovery in shipments to North America and the Middle East. Oil stability and Trump's economic agenda, with potential favorable tariffs for Tenaris, could further support results.

Tenaris aims to diversify by investing in the energy transition: hydrogen, geothermal wells, and CO2 storage systems are among the new opportunities being explored. Cash could also be used for acquisitions in a fragmented sector, consolidating its position in the Middle East and beyond.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	S&P GCC COMPOSITE PRICE (USD)	155.96PTS	+0.09%	+0.48%	-
	TENARIS S.A.	18.44EUR	+0.03%	+0.30%	20.57B

Latest news about Tenaris S.A.

DIARY - Italy to March 31	Feb. 07	RE
DIARY - Italy to March 31	Feb. 04	RE
2025 embarks on an interesting note for copper	Jan. 30
Futures down; markets ready for two ECB cuts	Jan. 27	AN
MPS and Mediobanca lead the way in Milan; Mib rises	Jan. 24	AN
Europeans up except London; MPS at bottom of Mib.	Jan. 24	AN
Mib in green; down MPS after OPS launch on Mediobanca	Jan. 24	AN
Another mega M&A talk comes to the fore	Jan. 21
Tenaris can also use cash for M&A and new business	Jan. 20	AN
Mediobanca Upgrades Tenaris to Outperform, Boosts PT	Jan. 14	MT
Campari, Enel, FinecoBank, Iveco and UniCredit "best pick 2025" for Equita	Jan. 14	RE
Future on; recovery of risk assets	Jan. 14	AN
Bags in red as dollar and Brent rise	Jan. 13	AN
Mib down; gas price pushes Snam into the lead	Jan. 13	AN
Mib bearish; BPER good and Eni not standing still	Jan. 13	AN
Bankers drag Mib into red; up Saipem	Jan. 02	AN
After a tough 2024, what's next?	Jan. 02
Mib opens higher, push oil prices	Jan. 02	AN
Milan stock market falls as central banks await, down oil, Tim continues rally	Dec. 17	RE
Milan stock exchange, flat start, wait for U.S. inflation, realizations on Banco Bpm, Raiway good	Dec. 11	RE
Jefferies Upgrades Tenaris to Buy From Hold, Adjusts Price Target to $47 From $35	Dec. 09	MT
Mib veers into red; up Moncler, down Leonardo	Dec. 09	AN
Milan stock exchange up cautiously, strong Banco Bpm on M&A, good Tenaris, luxury	Dec. 09	RE
European stocks in the green; up Moncler and Tenaris	Dec. 09	AN
European futures indicate opening at parity	Dec. 09	AN

Chart Tenaris S.A.

Duration

Period

TEN: Dynamic Chart

Company Profile

Tenaris S.A. is the world's No. 1 producer of steel pipes used in the oil and gas industries. Net sales break down by activity as follows: - production of pipes (95.4%): unwelded steel pipes (3,189 KT sold in 2023 and welded steel pipes (953 KT sold) primarily for drilling activities. The group also offers accessory products (tubing products, surface coatings, etc.) as well as installation, assembly, logistical support, etc.; - other (4.6%): primarily manufacturing of ducts for the transportation of oil and gas fluids. Net sales are distributed geographically as follows: Europe (7.4%), North America (53.4%), South America (21.6%) and Asia Pacific/Middle East/Africa (17.6%).

Employees

29,134

Sector

Oil Related Services and Equipment

Calendar

2025-02-18 - Q4 2024 Earnings Release

More about the company