TUBACEX has presented its results for the first half of the year to the CNMV, having consolidated its growth in an energy market in expansion. Company sales for the first half of the year have amounted to €353.8M, with profit before tax of €10.4M. The EBITDA for Q2 has amounted to €23.4M. The accumulated EBITDA for the year stands at €42.5M with a margin of 12%, in line with the strategic objective set in June. These results highlight the success of the TUBACEX strategy in a market environment characterized by inflationary pressure.
In recent years, the company has promoted its geographic expansion and sectoral diversification and has also reorganized its production with a product mix tailored to the profile of each of the group’s 20 plants around the world. This strategy has boosted TUBACEX’s growth and has enabled it to return to normality and profit in all of the group companies.
On the other hand, the sales strategy followed in recent years has made it possible to access different framework agreements with the leading players in the industry, enabling it to be positioned wherever its demand may be.