This is the group’s best result since 2008. This confirms the recovery of the company and compliance with the Strategic Plan.
Euskaraz irakurri: Tubos Reunidosek 43.5 milioi irabazi ditu 2022an, 2021ean 64.7 milioiko galerak izan ondotik
Company reunited tubes closed the 2022 financial year with a net profit of 43.5 million euroscompared to losses of 64.7 million in 2021, which amounts to the group’s best result since 2008. In this way, the recovery of the company and compliance with the Strategic Plan is confirmed.
your chairman, Francisco Irazustahas analyzed that “this positive net result of 43.5 million a very important milestone” for the company, and that this “enables us to make the investments foreseen in the strategic plan, as well as all commitments with creditors”.
The manager explained that the 2022 fiscal year was characterized by the volatility and variability of demand and costs, and “I think 2023 will follow the same line, with different data: we started 2023 with an order book of 303 million euros, 71 % higher than at the beginning of last year, which makes us moderately optimistic.”
He EBITDA of the Group amounted to Euro 64 million, an increase of Euro 115 million in 2021. The Group generated a net cash flow of Euro 18 million, ended the year with Euro 95 million in cash and reduced its net debt.
Portfolio of 303 million
With the data for 2022, Tubos Reunidos currently has an order book worth 303 million euros, 71% higher than at the beginning of last year, which means a record level.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
