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United States

Tubacex SA (TUBA.MC)

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

3.12EUR
21 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Tubacex H1 net sales fall 7.7 pct YoY
Thursday, 27 Jul 2017 03:03am EDT 

July 27 (Reuters) - TUBACEX SA :H1 NET PROFIT 1.9 MILLION EUROS VERSUS 1.7 MILLION EUROS YEAR AGO.H1 NET SALES 241.4 MILLION EUROS VERSUS 261.5 MILLION EUROS YEAR AGO.H1 EBITDA 17.6 MILLION EUROS VERSUS 19.9 MILLION EUROS YEAR AGO.SEES GRADUAL IMPROVEMENT IN ORDER INTAKE IN H2 AND EVOLUTION OF RESULTS THANKS TO CURRENT PORTFOLIO, TO BE REFLECTED IN 2018 AND 2019.‍​.  Full Article

Cartera Industrial REA sells its whole stake in Tubacex at 3.25 eur/shr - Fidentiis
Monday, 19 Jun 2017 12:34pm EDT 

June 19 (Reuters) - Fidentiis Equities Sociedad de Valores SA: :CLOSES PLACEMENT OF 7 PCT OF TUBACEX SA <<>> FOR CARTERA INDUSTRIAL REA <<>> AT 3.25 EUROS PER SHARE.PLACEMENT PRICE REPRESENTS 2.98 PCT DISCOUNT VERSUS CLOSING PRICE OF TUBACEX SA <<>> SHARES.CARTERA INDUSTRIAL REA <<>> HAS COMPLETELY DIVESTED ITS STAKE IN TUBACEX <<>> FOLLOWING THE PLACEMENT .  Full Article

Cartera Industrial REA to sell up to 7 pct of Tubacex in accelerated bookbuilding
Monday, 19 Jun 2017 11:41am EDT 

June 19 (Reuters) - FIDENTIIS EQUITIES SV SA::SAYS PLACES 7 PCT OF TUBACEX SA <<>> FOR CARTERA INDUSTRIAL REA <<>> IN ACCELERATED BOOKBUILDING OFFER.  Full Article

Tubacex targets sales of 1.00 bln euros, EBITDA 100 mln euros for 2016-2020
Wednesday, 24 May 2017 08:27am EDT 

May 24 (Reuters) - TUBACEX SA ::PLANS TO REACH SALES ABOVE 1.00 BILLION EUROS, EBITDA 100 MILLION EUROS UNDER STRATEGIC PLAN 2016-2020.  Full Article

Tubacex Q1 net result turns to profit of 2.8 mln euros
Thursday, 4 May 2017 03:09am EDT 

May 4 (Reuters) - Tubacex SA ::Q1 net profit 2.8 million euros ($3.1 million) versus loss 0.5 million euros year ago.Q1 sales 131.3 million euros versus 121.4 million euros year ago.Q1 EBITDA 13.0 million euros versus 7.8 million euros year ago.Says expects a good year for order intake, particularly as of Q2 and an important recovery from 2018.  Full Article

Tubacex FY net profit down 94 pct YoY
Tuesday, 28 Feb 2017 04:07am EST 

Tubacex SA : FY EBITDA 34.9 million euros ($36.9 million) versus 48.9 million euros year ago . FY net profit 0.5 million euros versus 8.4 million euros year ago . FY sales 494.0 million euros versus 533.4 million euros year ago .Expects gradual recovery in order intake in 2017.  Full Article

Tubacex subscribes 60 pct stake of Thailand's Tubacex Awaji
Friday, 3 Feb 2017 04:18am EST 

Tubacex SA : Says subscribed 60 percent stake of Thailand's Tubacex Awaji Ltd, a joint venture resultant of the agreement reached in September 2016 with Japan's Awaji Materia .Tubacex has completed this operation through the Italian subsidiary IBF, S.p.A., and Awaji Materia as compensation for the remaining 40 percent, provides the assets for the stainless steel special fittings factory..  Full Article

Tubacex 9-month net profit down 76.4 pct YoY
Tuesday, 8 Nov 2016 02:58am EST 

Tubacex SA : 9-month net profit 3.3 million euros ($3.7 million) versus 14.1 million euros year ago . 9-month EBITDA 30.4 million euros versus 41.8 million euros year ago . 9-month sales 366.2 million euros versus 414.5 million euros year ago .The group's forecasts for the last quarter of the year are similar to those of the third quarter.  Full Article

Tubacex enters JV to produce stainless steel items in Thailand
Tuesday, 27 Sep 2016 09:42am EDT 

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 04:47am EDT 

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