TMK could boost EBITDA 10%-35% in 2011

摘要

Russia's TMK, one of the world's top-three oil and gas industry pipe producers, could boost earnings before taxes, depreciation and amortization (EBITDA) 10%-35% in 2011. EBITDA could soar 35% to 1.3 billion dollars if steel and pipe prices rise, UBS said in an analytical note. The EBITDA margin could be 18%.