AT A GLANCE: Tubacex blames coronavirus for 13% drop in Q1 earnings

A summary of Tubacex, a Spanish manufacturer of seamless stainless steel tube, for the first quarter of 2020.

In brief 

Tubacex attributes weaker quarterly results to the Covid-19 pandemic.  The company's plants in Spain, Italy and India have been affected by shutdown measures imposed by the respective local governments.  At the rest of Tuvacex's plants, output was hampered by the necessary adoption of social distancing measures to ensure the safety...


Julia Bolotova

May 14, 2020

14:23 GMT