TUBACEX confirms its recovery with the best quarterly result since 2019
Profit is positive for the second consecutive quarter, consolidating the company’s recovery in spite of the global context of instability. Sales for the first quarter of the year amounted to €158.1M, up 82.7% on the same period for the previous financial year. The...
TUBACEX closes the last quarter of the year with positive figures, confirming its recovery
The results for the fourth quarter return to positive net profit, with sales of €118.6 M and an EBITDA of €12.6 M, representing a margin of 10.6%. But for the effect of inflation on energy costs and on the value chain in general, the figures for the last quarter would...
TUBACEX sells Tubos Mecánicos to Hierros Añón
TUBACEX disinvests in a non-strategic asset to reinforce its balance sheet and address its future growth in line with the energy transition. This growth is one of the main lines of the new strategic plan that TUBACEX will present to the market in early 2022. Tubos...
TUBACEX faces the coming quarters with optimism, with an order backlog of €500 million
In Q3, the sales figure has reached €86.4 million, up 17.6% on sales for Q2. The EBITDA for the third quarter amounted to €4.7 million, significantly higher than the €0.2 million in the previous quarter. The third quarter of the year has shown a clearly positive...
TUBACEX resumes its activity at the Spanish plants, putting an end to the global restructuring process
Management and the Works Council have approved the adoption of structural and conjunctural measures that guarantee the competitiveness of these plants. Voluntary redundancies, early retirement, the reduction of a series of items related to personnel expenses,...
Low activity during the first half of the year marks TUBACEX’s results
Sales for the first half of the year amounted to €160 million, and the EBITDA stood at €0.3 million. The company has implemented a financial restructuring plan in its main business units. TUBACEX is finalizing an ambitious Strategic Plan in order to play a key role in...
The TUBACEX Board of Directors appoints Francisco Javier García Sanz as its Chairman
The change in the chair has been approved by the Board of Directors, having been proposed by the Appointments and Remunerations Committee, following the Ordinary Shareholders' Annual General Meeting. Francisco Javier García Sanz was the Vice-President of the...
The fall in the market has marked TUBACEX’s results in the first quarter of 2021
Sales for the first quarter of the year amounted to €86.5M, down 43.7% on the same period for the previous year and the EBITDA stood at €0.1M. The low backlog for the first quarter of the year has led to low levels of activity in all of the Group’s divisions. The main...
TUBACEX presents results marked by COVID-19 and a drop in demand
TUBACEX ended the financial year with sales of 479.6 million euros, 21.8% less than the previous year and with EBITDA OF 38.1 million euros. Accumulated losses reached 25.3 million euros and derive mainly from negative results at the Basque production plants. The...
Podcast: NTS Group acquisition of Amega West – NTS CEO Paul McMillan talks to Pipeline Oil & Gas News
NTS Group CEO Paul McMillan talks to Julian Walker, Editor-in-Chief of Pipeline Oil & Gas, about the acquisition of Amega West Services. Click here to find out how the acquisition strengthens the NTS Group portfolio and how it was completed at such a challenging...