TUBACEX’s positioning in the high technological value product segment along with its integrated offer of tubular stainless steel solutions has enabled the company to emerge stronger from the longest crisis in the sector. This was demonstrated at the Annual General Meeting held recently at the company’s headquarters in Llodio. At this event the company reviewed 2018, presenting their vision for the forthcoming years, and finally approved agreements including the new composition of the Board of Directors.
TUBACEX closed 2018 with an EBITDA of €69.6 M, which is the highest since 2008; with sales of €677.3 M, i.e. 38.1% higher than in 2017: and profit reaching €17.4 M.
These results reflect TUBACEX strategy focused on product and geographical diversification, with an offer based on a comprehensive solution of stainless steel tubular products. This positioning has enabled the company to come out of the longest crisis in the sector stronger. The company maintained critical strategic investments and an increasing commitment to developing high value-added products during the crisis.
