Tubos Reunidos, S.A. / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€323.96M -39.4%	€28.63M -49.2%	8.8% -0.017 pp	€27.96M -73.0%	8.6% -0.11 pp
2023	€534.72M +4.1%	€56.31M +29.5%	10.5% +0.021 pp	€103.70M +96.4%	19.4% +0.091 pp
2022	€513.65M +111.4%	€43.50M -167.3%	8.5% +0.35 pp	€52.80M -268.9%	10.3% +0.23 pp
2021	€242.99M +0.6%	-€64.68M -33.9%	-26.6% +0.14 pp	-€31.26M -238.2%	-12.9% -0.22 pp
2020	€241.66M -15.0%	-€97.91M +136.1%	-40.5% -0.26 pp	€22.62M -464.7%	9.4% +0.12 pp
2019	€284.44M -17.0%	-€41.48M +20.5%	-14.6% -0.045 pp	-€6.20M -143.1%	-2.2% -0.064 pp
2018	€342.51M +9.6%	-€34.43M +6.3%	-10.1% +0.0032 pp	€14.38M -57.3%	4.2% -0.066 pp
2017	€312.52M +60.3%	-€32.40M -35.4%	-10.4% +0.15 pp	€33.70M +6.6%	10.8% -0.054 pp
2016	€194.93M -44.7%	-€50.17M +209.9%	-25.7% -0.21 pp	€31.60M -42.8%	16.2% +0.0054 pp
2015	€352.48M -13.6%	-€16.19M -328.7%	-4.6% -0.063 pp	€55.25M -17.3%	15.7% -0.0070 pp
2014	€407.95M +16.4%	€7.08M +6.6%	1.7% -0.0016 pp	€66.80M -14.8%	16.4% -0.060 pp
2013	€350.45M -24.6%	€6.64M -37.2%	1.9% -0.0038 pp	€78.37M +6.0%	22.4% +0.065 pp
2012	€464.73M +1.5%	€10.57M -57.4%	2.3% -0.031 pp	€73.93M +23.1%	15.9% +0.028 pp
2011	€458.06M +33.8%	€24.83M -286.4%	5.4% +0.093 pp	€60.05M +44.6%	13.1% +0.0099 pp
2010	€342.44M -13.5%	-€13.32M -993.0%	-3.9% -0.043 pp	€41.52M -60.7%	12.1% -0.15 pp
2009	€395.69M -45.7%	€1.49M -98.2%	0.4% -0.11 pp	€105.69M -37.4%	26.7% +0.035 pp
2008	€728.36M +14.3%	€81.80M -4.5%	11.2% -0.022 pp	€168.79M +231.0%	23.2% +0.15 pp
2007	€637.21M +8.8%	€85.67M +41.8%	13.4% +0.031 pp	€50.99M -54.7%	8.0% -0.11 pp
2006	€585.70M +13.6%	€60.41M +88.1%	10.3% +0.041 pp	€112.54M +50.0%	19.2% +0.047 pp
2005	€515.80M	€32.12M	6.2%	€75.04M	14.5%