TUBACEX : reduce deuda y genera beneficios en un entorno de mercado muy desfavorable
August 04, 2016 at 05:35 am EDT
Share
2016-07-27
Llodio, 27 July 2016. In a very unfavorable market environment, with falls in raw materials volumes and prices, as well as the unprecedented crisis in the Oil&Gas sector, TUBACEX has turned in the sales balance for the first half of 2016 that amounted to 261.5 million Euros, which is down 13.5% with respect to the same period in 2015. Likewise, the gross operating profit (EBITDA) has reached €19.9M, which is 40.9% lower, and the net profit stood at €1.7M.
2016-07-07
Llodio, 1 July 2016. The TUBACEX Group has driven a dual training program to promote the skills and employability of young people in the field of maintenance, bringing professional training to the current needs of the company.
2016-05-25
Llodio, May 25 2016. TUBACEX forecasts a complicated market environment for 2016, dominated by the decline in raw materials, cuts to capital expenditure and delays in the implementation of projects linked to Oil & Gas. In spite of this, at its Shareholders' General Meeting held today in its Llodio headquarters, the company announced that it will continue with key strategic investments and that corrective measures will continue to be developed to optimize short-term results, ensuring medium and long-term growth.
Tubacex SA published this content on 27 July 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 August 2016 09:35:02 UTC.
Original documenthttp://www.tubacex.com/?tubacex-reduce-deuda-y-genera-beneficios-en-un-entorno-de-mercado-muy-desfavorable&z=fc3ff76f01e38f9d&N=52e8b0d85ef12bda
Public permalinkhttp://www.publicnow.com/view/038F7E8C34E4749D5688001DEF349F17052417B1
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. 
