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Tubos Reunidos ( (ES:TRG) ) has provided an update.
Tubos Reunidos reported a turnover of 324 million euros for fiscal year 2024, with an EBITDA of 8.8 million euros and a net attributable result of 28.6 million euros. The company has successfully reduced its debt by 66.5 million euros, strengthening its equity and maintaining a solid portfolio position amidst market uncertainties. Despite a decline in sales volume and price, the company’s strategic focus on premium products and cost management has positioned it well to meet future challenges, including potential impacts from economic policies and global commercial tensions.
More about Tubos Reunidos
Tubos Reunidos is a company operating in the steel industry, focusing on the production of seamless steel pipes. The company emphasizes premium and low-emission products, such as its O-Next® range, and has a strategic focus on process transformation and cost moderation.
YTD Price Performance: 44.58%
Average Trading Volume: 1,849
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €119.3M
Find detailed analytics on TRG stock on TipRanks’ Stock Analysis page.