Tubacex unveils its 2023 annual report: a historic year driven by the NT2 strategic update
July 08, 2024 at 09:19 am EDT
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At the recent General Shareholders' Meeting, Tubacex unveiled its 2023 annual report, highlighting a historic year marked by the launch of the NT2 strategic update, "A New Tubacex in the Energy Transition," unveiled at the Capital Markets Day on November 21 in Madrid. This milestone marks the beginning of a transformative period in our company's history, aimed at becoming a provider of advanced industrial products and services for the energy and mobility sectors.
The year 2023 has been notable for Tubacex, with a turnover of 852.4 million euros, an increase of 19.3% compared to the previous year. Additionally, our EBITDA grew by 35.6%, reaching 125.2 million euros, with an EBITDA margin of 14.7%, the best in the company's history. Finally, it is noteworthy that our order backlog amounted to 1.6 billion euros, a figure that remains stable today, reflecting the solid visibility of our business project.
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Tubacex SA is a Spain-based company primarily engaged, through its subsidiaries, in the steel industry. The Company's main activity is the manufacture, distribution and sale of seamless stainless steel tubes and pipes. The Companyâs product portfolio also includes hollow bars, steel and fittings. It has operations established in Europe, the Americas and Asia.The Company is a parent of Grupo Tubacex, a group, which comprises a number of controlled entities, including Aceria de Alava SA, Tubacex Tubos Inoxidables SA, Schoeller-Bleckmann Edelstahlrohr Inmobilien AG, Salem Tube Inc, Tubacex Taylor Accesorios SA and Metaux Inox Services SAS, among others.
TUBACEX, S.A. 
