Tenaris CEO sees potential upside in 2025 profit margins

Reuters09-24

Tenaris CEO and Chairman Paolo Rocca says at a company investor day:Bottom Line In H2 To Be In The Range Of 15% Below The Previous Semester.We Expect Floor Of Our Volume Performance In H2 To Be Around 10% Below H1.Think 2024 Profit Margin Will Be In The Middle Of 20-25% Range.20-25% Profit Margin Range For 2024 Will Be A Floor, In 2025 We Will Have Potential Upside.Reasonable In November'S Board Meeting To Consider Use Of Authorization For $700 Million Additional Buyback.Further Company Coverage: Tenr.Mi. (Reporting By Milan Newsroom).

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