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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 Says No Definitive Deal Has Been Reached With Creditors
Monday, 14 Jan 2019 10:25am EST 

Jan 14 (Reuters) - Tubos Reunidos SA ::SAYS CONTINUES TALKS WITH ITS CREDITORS TO REACH THE AGREEMENT.NO DEFINITIVE AGREEMENT HAS BEEN REACHED ON FINANCING STRUCTURE, AND DIFFERENT ALTERNATIVES ARE BEING EVALUATED.COMPANY IS ALSO CARRYING OUT ADAPTATION AND UPDATING OF ITS BUSINESS PLAN.  Full Article

Tubos Reunidos Appoints Jorge Gabiola Mendieta As New Chairman
Tuesday, 16 Oct 2018 02:35am EDT 

Oct 16 (Reuters) - Tubos Reunidos SA ::APPOINTS JORGE GABIOLA MENDIETA AS NEW CHAIRMAN.SAYS BOARD ACCEPTS RESIGNATION OF GUILLERMO ULACIA ARNAIZ AS EXECUTIVE CHAIRMAN.JORGE GABIOLA MENDIETA WILL BE CHAIRMAN WITH NO EXECUTIVE FUNCTIONS.  Full Article

Tubos Reunidos Says Auditor's Warning Does Not Mean A Qualification To FY Accounts
Monday, 19 Mar 2018 03:59am EDT 

March 19 (Reuters) - Tubos Reunidos SA ::SAID IT UNDERSTANDS THAT RECENT PERFORMANCE OF ITS SHARES ON THE STOCK EXCHANGE MIGHT BE LINKED TO PWC AUDITOR REPORT ATTACHED TO 2017 FINANCIAL RESULTS.SAYS THE OPINION OF THE AUDITOR ON THE ACCOUNTS IS FAVOURABLE AND IN NO CASE INDICATES A QUALIFICATION TO THE FY 2017 STATEMENTS.SAYS PWC REPORT MENTIONS UNCERTAINTY RELATED TO THE COMPANY IN OPERATION DERIVED, AMONG OTHER FACTORS, FROM THE ANNOUNCEMENT OF THE PRESIDENT OF UNITED STATES IMPOSING PROTECTIONIST MEASURES OVER STEEL IMPORTS.SAYS IMPLEMENTATION OF MEASURES OF THE LABOUR PLAN TO REDUCE PERSONNEL EXPENSES IS ONE OF THE KEY FACTORS IN VIABILITY AND COMPETITIVENESS OF THE COMPANY.  Full Article

Tubos Reunidos FY Net Loss Narrows To 32.4 Mln Euros YoY
Wednesday, 28 Feb 2018 11:37am EST 

Feb 28 (Reuters) - TUBOS REUNIDOS SA ::FY NET LOSS 32.4 MILLION EUROS VERSUS LOSS 50.2 MILLION EUROS YEAR AGO.FY NET SALES 312.5 MILLION EUROS VERSUS 194.9 MILLION EUROS YEAR AGO.  Full Article

Tubos Reunidos incorporates new 40 mln euro promissory notes programme
Friday, 17 Nov 2017 11:32am EST 

Nov 17 (Reuters) - TUBOS REUNIDOS SA ::SAYS INCORPORATES NEW PROMISSORY NOTES PROGRAMME ON MARF FOR UP TO 40.0 MILLION EUROS.  Full Article

Tubos Reunidos 9-month net loss narrows to 17.5 mln euros YoY
Wednesday, 15 Nov 2017 02:33am EST 

Nov 15 (Reuters) - TUBOS REUNIDOS SA ::9-MONTH NET LOSS 17.5 MILLION EUROS VERSUS LOSS 25.8 MILLION EUROS YEAR AGO.9-MONTH POSITIVE EBITDA 15.0 MILLION EUROS VERSUS NEGATIVE 5.7 MILLION EUROS YEAR AGO.9-MONTH NET SALES 233.5 MILLION EUROS VERSUS 147.9 MILLION EUROS YEAR AGO.EXPECTS TO MAINTAIN TURNOVER LEVELS IN Q4 2017.  Full Article

Tubos Reunidos to appoint Guillermo Ulacia Arnaiz as executive chairman
Thursday, 26 Oct 2017 08:34am EDT 

Oct 26 (Reuters) - TUBOS REUNIDOS SA ::SAYS GUILLERMO ULACIA ARNAIZ TO REPLACE PEDRO ABÁSOLO ALBÓNIGA AS CHAIRMAN ACCORDING TO SUCCESSION PLAN.  Full Article

Tubos Reunidos H1 net loss narrows to 8.0 mln euros YoY
Friday, 8 Sep 2017 03:00am EDT 

Sept 8 (Reuters) - TUBOS REUNIDOS SA ::H1 NET LOSS 8.0 MILLION EUROS VERSUS LOSS 19.4 MILLION EUROS YEAR AGO.H1 NET SALES 163.5 MILLION EUROS VERSUS 104.0 MILLION EUROS YEAR AGO.H1 POSITIVE EBITDA 16.3 MILLION EUROS VERSUS NEGATIVE 2.0 MILLION EUROS YEAR AGO.SAYS WILL INCREASE EBITDA BY 45 MILLION EUROS OVER 24-MONTH PERIOD.  Full Article

Tubos Reunidos sells its distribution unit ALMESA
Friday, 30 Jun 2017 11:54am EDT 

June 30 (Reuters) - TUBOS REUNIDOS SA ::SAYS SELLS ITS DISTRIBUTION UNIT ALMESA, SALE PRICE IMPLIES ENTERPRISE VALUE OF ABOUT 2.7 MILLION EUROS.  Full Article

Tubos Reunidos to increase EBITDA by 45 mln euros in 24 months
Thursday, 22 Jun 2017 09:54am EDT 

June, 22 (Reuters) - TUBOS REUNIDOS SA ::SAYS INITIATES NEW VALUE CREATION PLAN TO INCREASE EBITDA BY 45 MILLION EUROS IN 24 MONTHS OVER THE 2017 BASELINE EBITDA VALUE.BASELINE EBITDA IS CALCULATED BASED ON 2014 PRODUCTION VOLUMES AND 2017 PRICES.  Full Article