That compared with its earlier guidance, given in February, when Vallourec forecast 2021 earnings before interest, tax, depreciation and amortisation of 250 million-300 million euros.

In February, Vallourec reached a financial restructuring deal with its main creditors, to ease its debt situation.

($1 = 0.8256 euros)

(Reporting by Sudip Kar-Gupta; Editing by Edmund Blair)