Tubos Reunidos, S.A. Announces the Financial Results for the Fourth Quarter and Full Year of 2016
February 27, 2017
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Tubos Reunidos, S.A. announced the financial results for the fourth quarter and full year of 2016. For the quarter, the company reported net sales of EUR 46,987 as compared to EUR 57,483 a year ago. LBITDA was EUR 9,780 as compared to EUR 2,579 a year ago. LBIT was EUR 19,893 as compared to EUR 8,503 a year ago. Loss before income tax was EUR 21,340 as compared to EUR 9,097 a year ago. Loss for the period was EUR 24,380 as compared to EUR 7,701 a year ago.
For the year, the company reported net sales of EUR 194,928 as compared to EUR 278,065 a year ago. LBITDA was EUR 15,488 as compared to EBITDA of EUR 6,707 a year ago. LBIT was EUR 42,636 as compared to EUR 16,812 a year ago. Loss before income tax was EUR 49,433 as compared to EUR 22,551 a year ago. Loss for the period was EUR 50,174 as compared to EUR 16,188 a year ago.
Tubos Reunidos SA is a Spain-based company primarily engaged in the steel industry. The Company specializes in the production, distribution and sale of seamless pipes used in the chemical, petrochemical, automotive, gas and construction industries. The Companyâs facilities include steel mills, as well as three production plants, which are located in Amurrio, Pamplona and Trapagaran. The Company owns such fully consolidated subsidiaries as Productos Tubulares SAU, Tubos Reunidos Industrial SLU, Aceros Calibrados SA (ACECSA), Aplicaciones Tubulares SL (ATUCA) and Tubos Reunidos America Inc, among others.
TUBOS REUNIDOS, S.A. 
