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...
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...