Tenaris closed the fourth quarter of 2012 with a net income of $350,3 million, down 18% compared to the same period in 2011. In the whole of 2012 the net income has risen by 20%, to $1,7 billion. The board of the company specializing in pipes and services for oil and gas exploration and production will propose to the shareholders' meeting on May 2 a annual dividend of $0,43 per share, which includes the $0,13 per share dividend already distributed last November. For 2013 Tenaris estimates a "moderate" growth in sales and an Ebitda "close to current levels". Based on these numbers, Tenaris' shares fly to Piazza Affari in mid-morning, rising by about three and a half points.
Also in the fourth quarter of 2012, sales they rose 4% from the previous quarter, to $2,76 billion (stable on a year-on-year basis), while for the whole of 2012 they increased by 9%, to 10,83 billion. L'operating profit in the last three months of last year it was $586 million, the same as the prior quarter, up 9% year over year. In full 2012 operating profit was 2,35 billion, an increase of 28% over the previous year. L'Ebitda quarterly was equal to 733 million dollars (+8% quarterly and +6% trend), while in the year it reached 2,87 billion (+20%).
