TUBACEX closed 2018 with an EBITDA of €69.6 million, which is the highest since 2008; with sales of €677.3 million (38.1% higher than in 2017) and profit reaching €17.4 million. During the AGM, TUBACEX’s Chief Executive Officer Jesús Esmorís highlighted the value of the company's positioning in key segments, with the signing of three major alliances on high-growth markets; in particular, Egypt, India and the Middle East.

Key points from Tubacex’s AGM:

  • TUBACEX’s annual general meeting (AGM) approved the appointments of Francisco Javier Garcia Sanz and Rosa Garcia as Independent Directors and Gema Navarro Mangado as Proprietary Director.
  • The AGM approved a supplementary payment of a €3 000 000 dividend to become effective on 3 June 2019, adding to the dividend of the same amount paid in January.
  • TUBACEX expects to close the year with the largest premium product portfolio thanks to an improved business performance, as well as the projected awarding of high relevance orders.
  • TUBACEX also highlighted the role played by Fundación Tubacex after three years of activity promoting the UN 2030 Agenda for Sustainable Development.