TUBACEX reduces debt and generates benefits in a very unfavorable market environment
Sales in the first half have dropped by 13.5%, standing at €261.5M and EBITDA has reached €19.9M, which was 40.9% below that obtained in the same period of 2015. However, in the second quarter EBITDA grew by 57% with respect to the first quarter of 2016 as a result of...
read moreTUBACEX and the Basque Government promote Dual Training
This training program has been devised in close collaboration with the Basque Government, Confebask and SEA in its plan for carrying out dual quality training in Euskadi. A training program of four years duration, 75% of which is carried out in the company and 25% in...
read moreTUBACEX progresses towards tubular solutions and targets Asia in its growth strategy
TUBACEX is committed to its strategy of becoming a worldwide supplier of tubular solutions. The company is dealing with the worst crisis in the sector with a cost-cutting plan, operational improvements at its plants, diversification towards Premium products, markets...
read moreTUBACEX resists the market environment thanks to its solid strategic plan
Investment cuts by the oil companies and the continued fall of raw materials have led to a 24% drop in sales, placing them at €121.4 million. The TUBACEX diversification strategy towards new products, sectors and markets has mitigated the market impact on its Income...
read moreTUBACEX reports a sales drop of 2.4% amid a very weakened market situation
Net cash generation before acquisitions amounted to 37 million • 2015 has been difficult due to a large fall in demand between 30% and 50% in the sector •TUBACEX strategic plan has succeeded in minimizing the impact of the declining oil and nickel prices which led to...
read moreTUBACEX and the EIB sign a loan agreement for 65 million euros
The loan will promote TUBACEX R&D&I initiatives for the development of new tubular solutions that provide added valued to the market. The agreement was signed today in Madrid by the EIB Vice-President Román Escolano and the TUBACEX CEO, Jesús Esmorís. The...
read moreTUBACEX shows resilience in the results in spite of the strong fall in demand
TUBACEX has registered sales of €414.5 M up to September 2015. The EBITDA stands at €41.8 M, with a margin of 10.1%. Net Profit amounts to €14.1 M with a margin of 3.4%. TUBACEX, the world leader in the manufacture of seamless stainless steel tubes and high alloys, is...
read moreTUBACEX presents results aligning with its forecast
TUBACEX registered sales of €302.5 M in the first half of the year. EBITDA stood at €33.7 M, with a margin of 11.1%. Net profit increased by 1.8%, compared to the same period last year, reaching €14 M. TUBACEX, the world leader in the manufacture of stainless steel...
read moreTUBACEX completes the acquisition of the Indian company Prakash
Following the recent acquisitions, TUBACEX has become the leading global manufacturer of seamless stainless steel tubes. This acquisition fits perfectly into the company’s Strategic Plan, which is currently in its growth phase (2015 and 2016) TUBACEX Prakash has 250...
read moreTUBACEX issues promissory notes maturing in 3 months for a total of 15 million Euros and an annualized coupon of 0.85%
TUBACEX has launched today an emission of promissory notes maturing in three months for a total of 15 million Euros and an annualized coupon of 0.85%, according to the company's communication to the Spanish Securities Exchange Commission (CNMV). This emission is part...
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