Tenaris announces 2020 fourth quarter and annual results

The financial and operational information contained in this press release is based on audited consolidated financial statements presented in u.s. dollars and prepared in accordance with international financial reporting standards as issued by the international accounting standard board and adopted by the european union, or ifrs. additionally, this press release includes non-ifrs alternative performance measures i.e., ebitda, net cash / debt and free cash flow. see exhibit i for more details on these alternative performance measures.
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