{"id":1656,"date":"2015-02-26T08:53:36","date_gmt":"2015-02-26T08:53:36","guid":{"rendered":"http:\/\/www.graolan.com\/?p=1656"},"modified":"2015-02-26T08:53:48","modified_gmt":"2015-02-26T08:53:48","slug":"tubacex-nearly-doubles-profit-before-tax-and-reduces-debt-by-22-in-2014","status":"publish","type":"post","link":"http:\/\/www.graolan.com\/en\/sin-categoria-en\/tubacex-nearly-doubles-profit-before-tax-and-reduces-debt-by-22-in-2014\/","title":{"rendered":"Tubacex nearly doubles profit before tax and reduces debt by 22% in 2014"},"content":{"rendered":"<p>TUBACEX, the leading manufacturer of seamless stainless steel tubes worldwide, obtained a profit before tax of 32.6 million Euros in 2014, which implies nearly doubling the figures of 2013 (+96.6%), according to the information sent by the company to the Spanish Securities Exchange Commission (CNMV).<\/p>\n<p>The development of operational excellence programs and the increased sale of Premium Products &#8220;has allowed us to reach very positive results, despite an unfavorable market environment&#8221;, said TUBACEX CEO, Jes\u00fas Esmor\u00eds.<\/p>\n<p>Thus, the progress in these two strategic lines has placed the gross operating profit (EBITDA) at 64.1 million Euros, implying an increase of 25.1% against 2013. The EBITDA margin for the year stood at 11.7% (9.3% in 2013), complying and vastly overcoming the goals set for this phase and nearly reaching the strategic goal of 12% expected for Phase II of the Strategic Plan.<\/p>\n<p>On the other hand, the operating profit (EBIT) has increased by 38.5%, reaching 43.7 million Euros. The EBIT on sales margin stands at 8%, compared with 5.7% in 2013.<\/p>\n<p>The value of consolidated sales for the year has reached 546.7 million Euros, a figure quite similar to the one registered in 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TUBACEX, the leading manufacturer of seamless stainless steel tubes worldwide, obtained a profit before tax of 32.6 million Euros in 2014, which implies nearly doubling the figures of 2013 (+96.6%), according to the information sent by the company to the Spanish Securities Exchange Commission (CNMV). The development of operational excellence programs and the increased sale<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"_links":{"self":[{"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/posts\/1656"}],"collection":[{"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/comments?post=1656"}],"version-history":[{"count":1,"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/posts\/1656\/revisions"}],"predecessor-version":[{"id":1657,"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/posts\/1656\/revisions\/1657"}],"wp:attachment":[{"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/media?parent=1656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/categories?post=1656"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.graolan.com\/en\/wp-json\/wp\/v2\/tags?post=1656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}