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2018-11-05

Llodio, November 05, 2018. TUBACEX continues to have improvements in profits, after the Oil&Gas sector has recovered from the worst crisis in its history. In the first nine months of the year, the Company's sales have increased by 40.3%, amounting to €519.9 million, and EBITDA has stood at €55.3 million, up 128.5% on the same period in 2017. These figures highlight the success of the Group’s strategy of betting on Premium high-tech products coupled with operational and commercial improvements. The said strategy has allowed it to obtain a pre-tax profit of 17 million Euro from January to September 2018.

2018-10-05

Llodio, October 5, 2018. TUBACEX and the Egyptian Government have signed a letter of intent with the aim of analyzing together the collaboration channels for what will be the country’s first nuclear power plant in El Dabaa. This statement has been signed in consortium with the Russian company Tubes 2000, specialized in the production and supply of nuclear energy equipment, and contemplates, should the negotiations conclude, the possibility of developing local manufacturing capabilities. 

2018-07-26

Llodio, July 26, 2018. Three years after the worst crisis ever to hit the oil industry, TUBACEX results are showing a significant improvement. During the first half of the year, the Company's sales have increased by 49.4%, amounting to €360.6 million, and EBITDA has doubled now standing at €35.6 million. These are the results of operative improvements and the progress made in the high value-added product backlog performance, closing the first half of the year with a profit of €6.7 million. 

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