Titan - March 2017

Titan's turnover improved by eight per cent in 2016 to EUR1509.2m and EBITDA rose by 28.7 per cent to EUR278.6m. Following a 2.74 per cent reduction in the depreciation and impairment charge to EUR127.1m, the trading profit advanced by 76.8 per cent to EUR151.5m. The net financial charge was 6.5 per cent lower at EUR62.5m, while the foreign exchange loss of EUR26m compares with a gain of EUR17.4m in the previous year. The pretax profit advanced by 50.7 per cent to EUR63.5m. Thanks largely to a EUR63.8m tax credit, the net attributable profit rose from EUR33.8m to EUR127.4m.

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