Trade Tubacex, S.A. - TUBA CFD

Tubacex Company profile

About Tubacex SA

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 Company’s 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.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Tubacex SA revenues decreased 24% to EUR365M. Net loss applicable to common stockholders increased 27% to EUR32.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Basic Earnings per Share excluding Extraordinary Items decreased from -EUR0.20 to -EUR0.25.