TUBACEX : obtains a profit of 1.8 million euro in a quarter marked by the market recovery
May 06, 2019 at 03:33 am EDT
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2019-05-06
Llodio, May 6, 2019.Today, TUBACEX has presented its results for the first quarter of 2019 to the CNMV, in which it has obtained sales of €143.5 million, down 14.8% on the same period for the previous year. Profit stood at €1.8 million at the beginning of a year marked by the market recovery, with very good prospects in high value-added product segments and record intake for umbilical tubes.
2019-02-28
Llodio, February 28, 2019. TUBACEX has reported its financial results for the fiscal year 2018 today, with an EBITDA of €69,6 million, which is the highest since 2008 and represents 2.7 times the result obtained in the previous year. Sales amounted to €677.3 m, rising 38.1% over the 2017 figure and with a profit figure of €17.4 million.
2019-02-19
Llodio, 19 February 2019. TUBACEX and SENAAT, an industrial investment holding company owned by the Emirate of Abu Dhabi, have started a strategic partnership to support the development of energy projects in the Middle East. This alliance aims at growing in a key market by developing investment projects with a special focus on developing local manufacturing capabilities, with the ambition to become one of the largest manufacturers of premium tubular solutions in Middle East.
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Tubacex SA published this content on 06 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 May 2019 07:32:04 UTC
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. 
