TUBACEX : reaches a backlog of 700 million for Premium Products
May 24, 2017 at 09:40 pm EDT
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2017-05-24
Llodio, May 24, 2017. Based on a strategy focused upon Premium products, the improvement of the company's sales positioning, and an entrance into new markets, the Tubacex Group has boosted sales of higher added-value products. This has led the company to make progress throughout the second quarter of the year with a backlog for premium product order intake for €700 million - the highest in Tubacex history, with supply taking place over the next three years.
2017-05-24
Llodio, May 24, 2017. Despite an investment reduction in the exploration and production sector (one of the Group's main activity sectors) for the second year running and associated market uncertainty, TUBACEX has reaffirmed its commitment to Innovation and Diversification as growth levers. At the Annual Shareholders' General Meeting (ASGM) held today at our headquarters in Llodio, the Company's sales evolution was highlighted in a year where record-breaking sale milestones for some products were achieved; and strategic guidelines for the next four years were also defined.
2017-05-04
Llodio, May 04, 2017. TUBACEX has kicked off the year with an EBITDA of €13 million, which is up 67.9% on the same period last year, reaching a margin of 10%, according to the results presented today to the CNMV (Spanish Securities Exchange Commission). In a market environment that is still weak, the company has secured a net profit of €2.8 million in the first quarter of the year. Its sales have amounted to €131.3 million, up 8.2% on the first quarter of 2016.
Tubacex SA published this content on 24 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2017 01:39:18 UTC.
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Tubacex SA is a Spain-based company primarily engaged, through its subsidiaries, in the steel industry. The Company's main activity is the manufacture, distribution and sale of seamless stainless steel tubes and pipes. The Companyâs product portfolio also includes hollow bars, steel and fittings. It has operations established in Europe, the Americas and Asia.The Company is a parent of Grupo Tubacex, a group, which comprises a number of controlled entities, including Aceria de Alava SA, Tubacex Tubos Inoxidables SA, Schoeller-Bleckmann Edelstahlrohr Inmobilien AG, Salem Tube Inc, Tubacex Taylor Accesorios SA and Metaux Inox Services SAS, among others.
TUBACEX, S.A. 
