Tubos Reunidos announced earnings results for the first nine of 2017. For the nine months, the company announced net turnover amount of EUR 233.5 million and net loss of EUR 17.5 million. EBITDA reached EUR 15 million. Operating cash flow amounted to EUR 3.9 million. Capex was EUR 15.9 million.

For the fourth quarter of 2017, the company expects to maintain its turnover levels with the dispatching of its order backlog at the close of the third quarter. The sustained increase in raw materials costs and the effects of the dollar depreciation will continue to affect its margins, although improvements from the implementation of Transforma 3600 will mitigate these effects in the coming months.