Spain-based seamless stainless steel pipe producer Tubacex has announced its financial results for the first half of this year.
In the given period, the company’s sales revenues amounted to €398 million, falling by 8.4 percent year on year, while its EBITDA amounted to €50.1 million, down 22.1 percent compared to the first half of last year.
The company stated that expectations for the full year remain positive, anticipating a stronger second half in terms of revenue, EBITDA and margin. Tubacex is targeting sales revenues in the range of €1.2-1.4 billion and EBITDA exceeding €200 million by 2027.