Tubacex Announces "Significant Growth" by 2025

Tubacex foresees a 2025 "very good" for the group, with a "gradual growth" of its sales and its gross operating result (Ebitda) due to the acceleration in the billing of closed contracts with Adnoc and Petrobras, which will allow them to "improve quarter by quarter" and this, despite the current scenario of uncertainty that is postponing buying and investing decisions, which is leading to "a smaller" entry of new orders.

It approves a "extraordinary" dividend of 25 million, 72% more than in 2023 BILBAO, 22 (EUROPA PRESS) Tubacex previews a 2025 "very good" for the group, with a "gradual growth" of its sales and its gross operating result (Ebitda) due to the acceleration in the invoicing of closed contracts with ADNOC and Petrobas, [...] The entry Tubacex previews a 2025 with gradual growth in sales and Ebitda despite the uncertainty, which slows down orders appe…

"The most significant growth since the transition year." This is what Tubacex managers expect for 2025. In fact, in the first quarter, the order book reached 1.5 billion euros, and the steelmaker from Alava is producing high-value-added pipes, "which have already been sold." This optimism is not in line with the results of 2024. Tubacex was clear that it would be a year of "stability and transition," and it was. The company earned 22.9 million e…