TUBACEX presents results aligning with its forecast

TUBACEX, the manufacturer of stainless steel and high-alloyed seamless tubes, has registered a total turnover of EUR 302.5M during the first half of 2015. This figure represents an increase of 9.4% with regard to the same period in 2014, including the integration of IBF and the seamless stainless steel tubes division of Prakash.

Furthermore, the EBITDA stood at EUR 33.7M, with a margin of 11.1%, including an extraordinary EUR 3.5M net adjustment. Lastly, the Net Profit has increased by 1.8% in relation to the first half of the year 2014, closing the semester at EUR 14M: a figure that was achieved despite the unfavourable market environment.

These results respond to the operational excellence programmes, the measures implemented to increase efficiency and flexibility and to reduce costs that have been created by the company, as well as the increase in the market share of other sectors, especially the power generation industry. On the other hand, these figures show TUBACEX’s financial soundness in a scenario like the current one.

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