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  • 15/11/2017

    TUBOS REUNIDOS EBITDA REACHES 15 MILLION EUROS IN THE FIRST 9 MONTHS

    It´s a substantial improvement over the -€5.7 million obtained in the same period in 2016

    Net turnover amount €233.5 million: +57.8% year-on-year

    Net earnings of -€17.5 million, +32.1% year-on-year

    Tubos Reunidos has validated the successful execution of 33 initiatives in the Transforma|3600 Value Creation Plan, which will represent a recurring EBITDA improvement of €4.8 million in a base year

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  • 08/09/2017

    TUBOS REUNIDOS H1 EBITDA RISES TO 16,3 MILLION EUROS

    Compared to -2 million euros EBITDA in the first six months of 2016, confirming the change in trend initiated in the first quarter.

    Net turnover amount of 163.5 million euros: +58% year-on-year

    Net earnings of -8,0 million euros, +59% year-on-year

    The Value Creation Plan, 3600 Transform, has confirmed the potential for improvement of EBITDA by 45 million euros within 24 months

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  • 22/06/2017

    TUBOS REUNIDOS IS INITIATING THE 360º VALUE CREATION PLAN WHICH WILL ENABLE US TO INCREASE EBITDA BY 45 MILLION EUROS IN 24 MONTHS

    • The Company intends to implement a new business model that will ensure its sustainability, recover the cash generation capacity of the business and profitability for the shareholder and achieve a target ROCE in excess of 7 percent.

    • Tubos Reunidos has embarked on Value Creation 360º as an accelerated path to achieve its goals with the immediate objective of increasing EBITDA by 45 million euros over the baseline EBITDA (calculated on the 2014 production volumes and 2017 prices) within 24 months.

    • The priority is return on the investments already made by the Company in its catalogue of high-end products and the new industrial configuration through the following policies:

    - Implementation of a sales and marketing strategy focussed on providing cutting-edge technological solutions for the end client.

    - Attaining the productivity and efficiency improvements required to position Tubos Reunidos near the top quartile of worldwide competitiveness.

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  • 12/05/2017

    TUBOS REUNIDOS SIGNS A SYNDICATED LOAN IN THE AMOUNT OF 207 MILLION EUROS

    Tubos Reunidos Group has signed today a syndicated loan in the amount of 207,7 million euros with the following banks and financial firms: Banco Bilbao Vizcaya Argentaria, Banco Santander, Banco Popular Español, Kutxabank, Banco de Sabadell, Caixabank, Caja Rural de Navarra, Bankoa, Bankinter and Instituto de Crédito Oficial Entidad Pública Empresarial.

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prensa@tubosreunidos.com

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Máximo Aguirre 18, 8º
48011 Bilbao, Vizcaya (Spain)
Basílica 19, 1º B
28020 Madrid (Spain)

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