Spain-based seamless stainless steel pipe producer Tubacex has announced its financial results for the first quarter this year.
In the given quarter, the company’s sales revenues amounted to €182.3 million, down by 2.3 percent year on year, while its pre-tax profit amounted to €11.2 million, up by 130.8 percent compared to the first quarter of 2024. In addition, Tubacex’s EBITDA came to €30.9 million, compared to €25 million in the same quarter of last year.
According to the company, 2025 is expected to be a year of gradual improvement, with results accelerating in the second half, driven by the contracts with ADNOC and Petrobras.
