Tubacex (ES:TUB) has released an update.
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Tubacex has secured a strategic agreement with Mubadala Investment, injecting 182.1 million euros and significantly reducing its net financial debt. The company’s third-quarter results reveal a record-high quarterly EBITDA for the year, alongside a promising sales figure, despite ongoing investments in its Abu Dhabi plant. With a robust portfolio and a strategic contract with Petrobras, Tubacex is poised for continued growth in the OCTG business and premium gas extraction solutions.
For further insights into ES:TUB stock, check out TipRanks’ Stock Analysis page.