Edition:
India

Tubacex SA (TUBA.MC)

TUBA.MC on Madrid SE C.A.T.S.

3.47EUR
19 Jan 2018
Change (% chg)

€0.00 (+0.14%)
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Latest Key Developments (Source: Significant Developments)

Tubacex 9-month EBITDA down 20.5 pct at 24.2 mln euros YoY
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - TUBACEX SA ::9-MONTH NET PROFIT 1.1 MILLION EUROS VERSUS 3.3 MILLION EUROS YEAR AGO.9-MONTH EBITDA 24.2 MILLION EUROS VERSUS 30.4 MILLION EUROS YEAR AGO.9-MONTH SALES 370.5 MILLION EUROS VERSUS 366.2 MILLION EUROS YEAR AGO.  Full Article

Tubacex reaches backlog of 700 mln euros for the next 3 years
Wednesday, 24 May 2017 

May 24 (Reuters) - TUBACEX SA ::REACHES A BACKLOG OF 700 MILLION EUROS OF TUBULAR SOLUTIONS WITH HIGH TECHNOLOGICAL VALUE FOR THE NEXT 3 YEARS.  Full Article

Tubacex enters JV to produce stainless steel items in Thailand
Tuesday, 27 Sep 2016 

Tubacex SA : Says to create joint venture (JV) with Japan's Awaji Materia to produce stainless steel components in Thailand . Says expects the new company located in Thailand to invoice between 20 million and 25 million euros ($28.04 million) in three years . Says deal implies a capital increase of $3.3 million subscribed by Tubacex, which accounts for 60 percent of new company's stake . Awaji Materia will provide the assets for the stainless steel special fittings factory in exchange for its 40 percent stake .Signed letter of intent for the deal in May [nFWN18M0D7].  Full Article

Tubacex H1 net profit at 1.7 mln euros, down 87.7 pct YoY
Wednesday, 27 Jul 2016 

Tubacex SA : H1 sales 261.5 million euros ($287.7 million), down 13.5 percent year on year . H1 EBITDA 19.9 million euros, down 40.9 percent year on year . H1 net profit 1.7 million euros, down 87.7 percent year on year .Foresees a significant improvement in the invoiced mix over forthcoming quarters based on winning large premium product orders.  Full Article

Tubacex targets Asia in its growth strategy
Wednesday, 25 May 2016 

Tubacex SA : Says progresses towards tubular solutions and targets Asia in its growth strategy . Says is dealing with the worst crisis in the sector with a cost-cutting plan, diversification, reductions in financial costs . Says will not stop key strategic investments which favor medium and long-term growth . Says signs a letter of intent for creating a joint venture with Japanese company Awaji . To buy majority stake in stainless steel fittings division of Awaji .Says deal with Awaji is low-key with a target turnover of 20-25 million euros ($27.9 million) over three years.  Full Article

Tubacex to renew its promissory note program up to 75 million euros
Monday, 23 May 2016 

Tubacex SA :Says to renew its promissory note emission program up to 75 million euros ($84.07 million) on Alternative Fixed Income Market (MARF).  Full Article

Tubacex SA to propose dividend of 0.0259 euro gross per share
Friday, 26 Feb 2016 

Tubacex SA:Board of directors proposes a dividend payment of 0.0259 euro gross per share, a pay-out of 40 percent of net profit.  Full Article