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Tubos Reunidos SA (TUR.MC)

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

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Latest Key Developments (Source: Significant Developments)

Tubos Reunidos buys Rotary Drilling Tools Inc for 19.6 mln euros
Monday, 29 Aug 2016 02:42am EDT 

Tubos Reunidos SA : Signs binding agreement for the acquisition of Rotary Drilling Tools Inc for 19.6 million euros ($21.9 million) . Says the completion of the transaction is expected to take place in the coming weeks and is only subject to customary closing conditions .Rotary Drilling Tools Inc is a manufacturer and services provider of high value-added gas&oil tubular goods in the United States.  Full Article

Tubos Reunidos H1 net loss widens to 19.4 mln euros
Friday, 29 Jul 2016 08:15am EDT 

Tubos Reunidos SA : H1 net loss at 19.4 million euros ($21.6 million) versus loss of 2.0 million euros year ago . H1 net sales 113.1 million euros versus 171.7 million euros year ago . Says started extraordinary efficiency plan to deal with falls in sales . H1 EBITDA loss 3.3 million euros versus EBITDA profit 12.2 million euros year ago . Says improves Q2 results versus Q1, hopes to continue the trend .Completes sale of automotive business [nFWN1AF0VK].  Full Article

Tubos Reunidos completes sale of its automotive business
Friday, 29 Jul 2016 08:12am EDT 

Tubos Reunidos SA : Says completes sale of its automotive business, including entire stakes in INAUXA and EDAI, as well as stakes in EDAI affiliate companies Naumex and Inautek .Says sold the automotive business to Mubea Group.  Full Article

Tubos Reunidos to gain around 4 mln euros on Inauxa and EDAI sale
Tuesday, 21 Jun 2016 07:19am EDT 

Tubos Reunidos SA :Says estimated gain from sale of Inauxa and EDAI stake to amount to around 4 million euros ($4.5 million).  Full Article

Tubos Reunidos to sell its stake in Inauxa and EDAI
Tuesday, 21 Jun 2016 06:11am EDT 

Tubos Reunidos SA: Reaches a binding agreement with Germany-based Mubea Group to sell its entire stake in Inauxa and EDAI, including in the latter its affiliate companies Inaumex and Inautek . The price for the total stock of automotive business, in which company has 50 percent, amounts to 33 million euros ($37.4 million) .The transaction falls within the company´s aim to focus on its core business as a global supplier of seamless steel tubing solutions.  Full Article

Tubos Reunidos Q1 net result turns to loss of 11.2 mln euros
Monday, 16 May 2016 01:06am EDT 

Tubos Reunidos SA : Q1 net loss 11.2 million euros ($12.7 million) versus profit 1.7 million euros year ago . Q1 negative EBITDA 1.2 million euros versus positive 11.1 million euros year ago . Q1 revenue 69.7 million euros versus 102.6 million euros year ago .Net financial debt 179.4 million euros at end-March versus 167.1 million euros at end-Dec..  Full Article

Tubos Reunidos SA formalizes note program for up to 50 mln euros
Friday, 11 Dec 2015 08:52am EST 

Tubos Reunidos SA:Formalizes Euro Medium Term Note Programme (EMTN) for up to 50 million euros.  Full Article