The results of the company are affected by “extraordinary” factors such as the investment for the construction and implementation of the factory in Abu Dhabi. The total turnover added 767.5 million, 10 % less.
Tubacex closed last year with a net benefit of 22.9 million eurosThat represents 37.1 % less than the person he reached in 2023, and had a total turnover of 767.5 million, 10 % less.
The manufacturer of pipes and industrial products of high added value based in Llodio (Álava) this Friday announced the results of last year’s company that were affected by “Extraordinary” factors As the investment for the construction and commissioning of the factory in Abu Dhabi.
The accumulated EBITDA at the end of 2024 reached 107 million euros, the second largest record in the history of the company, 14.6 % behind 2023.
Tubacex emphasized that the results in the last quarter of the year marked a positive trend, because between October and December the net profit was 8.7 million compared to 8.5 of the same period of 2023 and with a quarter -of -deBitda of 28.9 million, the best of the entire last year.
The financial debt The company stood inside 255 million eurosA figure that includes the investment in the factory in Abu Dhabi (60.4 million) and an increase in circulating capital (75.7 million), as well as the case production of 14.5 million in the last three months of the year of the year of payment of the normal dividend for the results of 2023.
The Tubacex application portfolio is 1560 million euros, on the same levels as the end of 2023, which, in the advice of the company, guarantees the “visibility of the company” for the coming years.
The group maintains an important geographical diversification of her Sources of incomeBecause 42 % of the invoicing took place in Asia and the Central East, 26 % in America, 29 % in Europe and the remaining 3 % in Africa.
Tubacex is confronted this year that expectations are positive and provides one Record exerciseAs in 2026. This will be closely linked to the final implementation of the tubes that finish and thread in Abu Dhabi, with a request for 1000 million dollars.
Source: EITB
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