Tubos Reunidos SA reported consolidated earnings results for the nine months ended September 30, 2016. Net turnover in the period amounted to EUR 161.1 million, down 31% compared to the same period of the previous year. EBITDA stood at negative EUR 7.7 million and net income reached a negative amount of EUR 25.8 million. The results obtained from the efforts made to adapt to the environment have not offset the effects of high subactivity and lower prices, which gave the Group a negative EBITDA of EUR 7.7 million and a negative result of EUR 25.8 million in the first nine months of the year.