Diversification, innovation and excellence, TUBACEX´s keys to growth
The Annual General Meeting (AGM) approved the appointments of Francisco Javier Garcia Sanz and Rosa Garcia as Independent Directors and Gema Navarro Mangado as Proprietary Director. Furthermore, the AGM approved a supplementary payment of a €3,000,000 dividend to...
TUBACEX obtains a profit of 1.8 million euro in a quarter marked by the market recovery
Sales for the first quarter of the year amounted to €143.5 million, with an EBITDA of €14.3 million and an EBITDA margin of 9.9%. TUBACEX has a solid financial structure with a cash flow in excess of €150 million. TUBACEX is in the final award phase of several unique,...
TUBACEX closed 2018 with an EBIDTA of €69,6 million, the highest in the last decade
In 2018, sales amounted to €677.3 million, 38.1% higher than in the previous year, and the profit figure to €17.4 million. Even though the market has not yet recovered, a commitment to high technological value products and services combined with recent strategic...
TUBACEX and SENAAT join forces to grow in the Middle East
TUBACEX and SENAAT, an industrial investment holding company owned by the Emirate of Abu Dhabi, have signed an agreement to acquire NOBU Group, a company specialized in repairing and manufacturing high precision stainless steel components for the oil and gas...
TUBACEX’s sales rose 40.3% to reach 519.9 million Euro
Sales in the third quarter 2018 amounted to €519.9 million, representing a 40.3% increase in relation to the same period in 2017; while EBITDA stood at €55.3 million, 128.5% higher. TUBACEX’s strategy of betting on Premium high-tech products coupled with operational...
TUBACEX signs a letter of intent in Egypt for the development of nuclear energy
TUBACEX has established a consortium with the Russian company Tubes 2000 for the production and supply of equipment for what will be the country’s first nuclear power plant in El Dabaa. This non-binding statement assesses the development of manufacturing capabilities...
TUBACEX’s sales rose 49.4% to reach 360.6 million Euro
Three years after the worst crisis ever to hit the oil industry, Tubacex's results have started to improve due to the ongoing efforts to adapt its cost structure to the current environment and order backlog performance. The Company has doubled EBITDA which now stands...
TUBACEX and MIDHANI signs MOU to expand and grow in Indian energy growth Plan
Both companies have signed a MOU to establish the framework of this potential cooperation. This agreement would allow the development of advanced materials for the energy sector to be addressed jointly, as well as the promotion of local manufacturing capacities. This...
TUBACEX presents its new Board of Directors
The Shareholders' General Meeting has ratified the appointments of Antonio González-Adalid García-Zozaya as independent director; Isabel López Paños, as proprietary director; and approved the appointment of Iván Martén Uliarte and Jorge Sendagorta Gomendio as...
TUBACEX sales increased by 28% in the first quarter 2018
Sales in the first quarter 2018 amounted to €168.5 million, representing a 28.3% increase in relation to the same period in 2017; while EBITDA stood at €15.8 million, 21.0% higher. Although the market has not yet achieved a consolidated recovery in terms of volumes or...