Spain-based seamless stainless steel pipe producer Tubacex has announced its financial results for the first nine months of the current year.
In the given period, the company’s sales amounted to €641.9 million, up 21.8 percent from €527.1 million recorded in the same period of 2022, while its net profit amounted to €27.8 million, up 63.5 percent year on year.
In the first nine months this year, Tubacex’s EBITDA was at €93.8 million, exceeding the €67.3 million recorded in the first nine months of last year.
According to its statement, these results are proof that Tubacex will achieve the strategic objectives anticipated for 2025. Additionally, all units have reported positive results in a macroeconomic and geopolitical environment with serious uncertainties, highlighting the strategic commitment of Tubacex Group.