Spanish Small & Mid Caps






Tubacex's record orders

Tubacex’s Order Book Reaches Record Levels

Tubacex has clocked up an order book worth 700 million euros in high tech tubular solutions for the gas and oil extraction, petrochemical and energy generation sectors. This figure is a record for the company.  A contract in Iran represents about two-thirds of the existing premium product backlog or 560 million euros.



Miquel y Costas strategy

Spanish Small & Midcaps: Miquel y Costas

Miquel y Costas has known how to create a niche for itself amongst the big global producers, taking advantage of the fact it is historically well-positioned in its sector (paper for the tobacco industry), with very few competitors and high entry barriers.


Ezentis transformation

Spanish Small & Midcaps: Ezentis, a transformation story

Ezentis ended 2016 with an order book worth €848.4 million and a ratio of 2.8x sales. This figure, combined with the fact the bulk of the order book is recent (79% of the contracts awarded in 2016), guarantee a large part of the group’s future results, as well as reducing their volatility.