The third quarter of is archived Tenaris, which closed with a net result negative for 355 million dollars, compared to the profit of 87 million recorded in the same period of 2014. The result of the pipe manufacturer was affected above all by the write-down of the goodwill of the North American activities for 400 million, in addition to the 36% drop in net sales, to 1,56 billion of dollars.
Ebitda is also down, -59% to 240 million and the operating result, to 111 million. In the first nine months of the year Tenaris reported a net loss of $29 million versus a profit of $935 million in the same period a year earlier, and sales fell 26% year-on-year to $5,7 billion, ebitda down 49% to 1,03, 89 billion and operating profit up 171% to XNUMX million.
In any case, the board has decided the distribution of an interim dividend $0,15 per share, for a total of $177 million, to be paid on Nov. 25.
Despite the negative quarter, and despite the prospects for revenues and margins also remaining weak for the fourth quarter, the Tenaris stock recorded a decidedly positive performance Business Square, where it recorded an increase of more than 1% in mid-morning, signaling itself as the most brilliant stock of the Ftse Min, which in the same minutes travels around parity.
