TUBACEX adapts its Organization to fight COVID-19: Q3 Results
TUBACEX’s sales figure for the first nine months of the year amounts to €389.6 million, which is 18.2% lower than that of the same period last year; while EBITDA stands at €26.4 million, down 42.9%, with a 6.8% margin. These results, determined by the global...ARAMCO and local companies back COVID-19 aid initiatives in the Basque Country
The Energy Advanced Foundation, formed by TUBACEX, TUBOS REUNIDOS, AMPO and VICINAY MARINE will direct the implementation of the program. The Red Cross, Caritas, Biocruces Bizkaia Health Research Institute, the start-up Eversens, and food banks across Álava, Biscay...The 50% fall in the market and COVID-19 mark TUBACEX’s results
The sales figure for the first half of the year amounts to €282 M, down 12.8% on the same period last year, and the EBITDA stands at €19.8 M, 40.5% less. These figures are a far cry from TUBACEX’s prospects at the start of the year but, even in such an unfavorable...TUBACEX holds its Annual Shareholders’ General Meeting overshadowed by COVID-19
The company reveals the main points of its strategy in response to the pandemic. With a focus on prevention, the aim is to guarantee the safety of all its workers, and thereby service continuity for its customers. TUBACEX has dealt with this crisis from a solid...TUBACEX presents its results in a market context dominated by COVID-19
2019 has marked a turning point for recovery as TUBACEX order intake demonstrates. Although far from pre-crisis levels it has experienced an increase of 30% in relation to the previous year. This gradual and general market recovery is also enabling operating leverage ratios to be maintained for all business units and therefore, achieving double-digit consolidated margins.