TUBACEX acquires the seamless stainless steel tube business of an Indian company
Following the recent acquisitions, Tubacex has become the leading global manufacturer of seamless stainless steel tubular solutions. This acquisition fits perfectly into the Strategic Plan of the company, which is currently in a growth phase (2015 and 2016). Tubacex...
TUBACEX increases its promissory note emission program to 75 million euros
The issue term has also been increased from 12 to 24 months TUBACEX, the world's second largest seamless stainless steel tube manufacturer, has increased its promissory note emission program registered with the Alternative Fixed-Income Market (MARF) to 75 million...
Tubacex will pay its Shareholders on 20 January an interim dividend of 0.0231 Euros per share
Dividend Agreement of the Board of Directors TUBACEX, the second largest worldwide producer of seamless stainless steel tubes will pay its shareholders by next 20 January an interim dividend against 2014 profit amounting to 0.0231 gross Euros per share, in compliance...
TUBACEX increases profit before tax by 97% up to September
- The net financial debt has been reduced by 45 million Euros and stands at 2.4 times EBITDA -TUBACEX accelerates the fulfillment of its strategic objectives related to EBITDA on sales, net financial debt and working capital EBITDA up 26.9%, reaching 49 million Euros...
TUBACEX Acquires the italian company, IBF
- It has taken over 65% of its share capital with a call option for the remaining 35%. - IBF has industrial plants in the north of Italy and a joint venture in China. - TUBACEX takes a step further in its strategic goal of becoming a global tubular solutions provider....
TUBACEX increases profit before tax by 39,8% in the first half
- The EBITDA on sales for the second quarter stands at 13.5%, the highest in the last five years -TUBACEX anticipates the fulfillment of the Strategic Plan objectives by one year EBITDA up 11.6%, reaching 34.9 million Euros TUBACEX, the second global manufacturer of...
TUBACEX enters into a letter of intent for the acquisition of the italian company, IBF
TUBACEX, the world's second manufacturer of seamless stainless steel tubes, has notified the Spanish Securities Exchange Commission (CNMV) today that it has entered into a letter of intent for the acquisition of the Italian company, IBF SpA, with the aim of signing...
TUBACEX will pay a supplementary dividend of 0.0231 euros per share on 1 July
The total dividend amounts to 0.0463 Euros per share TUBACEX, the second largest worldwide producer of seamless stainless steel tubes will pay its shareholders by next 1 July a supplementary dividend of 0.0231 gross Euros per share out of 2013 profit. Last November...
Shareholders’ Annual General Meeting 2013
The company approves a supplementary dividend of €0.0231 gross per share, payable in July. This payment, in addition to the dividend paid in November, implies a pay-out of 40%. TUBACEX has invested almost 40 million Euros in 2013. The AGM ratifies the appointment of...
TUBACEX increases profit before tax by 45.1% in the first quarter
EBITDA up 15.1%, reaching 16.54 million Euros EBITDA on sales stands at 11.8%, above the expected strategic target for the entire year TUBACEX, the second global manufacturer of seamless stainless steel tubes, obtained a profit before tax of 7.62 million Euros in the...