United States

Tubacex SA (TUBA.MC)

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

24 Mar 2017
Change (% chg)

€0.01 (+0.51%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

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

Tubacex targets Asia in its growth strategy
Wednesday, 25 May 2016 07:46am EDT 

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 05:43am EDT 

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 03:03am EST 

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

Tubacex SA signs 65 mln euro R&D loan
Monday, 21 Dec 2015 05:46am EST 

Tubacex SA:Signs loan agreement with European Investment Bank for 65 million euros.Loan repayment period is 10 years, with a grace period of two years.To use the loan to finance the investment strategy in research and development area.  Full Article

Tubacex SA completes the acquisition in the Indian company Prakash
Monday, 27 Jul 2015 03:06am EDT 

Tubacex SA:Completes purchase of 67.53 percent of the division of seamless stainless steel tubes in India's Prakash Steelage Limited.Says maintains a purchase option on the remaining 32 percent.  Full Article

More From Around the Web