Company: TNRSF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001171843-25-000973
Chunk: 8

Company: TENARIS SA
Filing Date: 2025-02-20
Form: 6-K
Chunk 8
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 net sales for the periods indicated below:

| Tubes                                               |     | 12M 2024 |        |   |     | 12M 2023 |        |   |     | Increase/(Decrease) |     |    |
| (Net sales - $ million)                             |     |          |        |   |     |          |        |   |     |                     |     |    |
| North America                                       |     |          |  5,432 |   |     |          |  7,572 |   |     |                     | (28 | %) |
| South America                                       |     |          |  2,294 |   |     |          |  3,067 |   |     |                     | (25 | %) |
| Europe                                              |     |          |  1,143 |   |     |          |  1,055 |   |     |                     |   8 | %  |
| Asia Pacific, Middle East and Africa                |     |          |  3,038 |   |     |          |  2,491 |   |     |                     |  22 | %  |
| Total net sales ($ million)                         |     |          | 11,907 |   |     |          | 14,185 |   |     |                     | (16 | %) |
| Services performed on third party tubes ($ million) |     |          |    484 |   |     |          |    165 |   |     |                     | 193 | %  |
| Operating income ($ million)                        |     |          |  2,305 |   |     |          |  4,183 |   |     |                     | (45 | %) |
| Operating margin (% of sales)                       |     |          |   19.4 | % |     |          |   29.5 | % |     |                     |     |    |

Net sales of tubular products and servicesdecreased 16% to $11,907
million in 2024, compared to $14,185 million in 2023 due to a 5% decrease in volumes and a 12% decrease in average selling prices, primarily
reflecting a decline in market prices for our tubular products used in onshore drilling applications in the Americas, lower drilling activity
in Mexico and Colombia, lower shipments for pipeline projects in Argentina and lower sales of