Cement News tagged under: Greece
Titan releases its 2017 Annual report14 June 2018, Published under Cement NewsTitan Group has released its 2017 Annual Report online . The report highlights the financial performance of the group that had a turnover of EUR1505.8m, EBITDA of EUR273.4m, profit after taxed of EUR42.7m and capital expenditure of EUR122.6m. "This stable performance reflects our ability to capitalise on the opportunities offered by the continuing growth in the US market and to minimise the impact of adverse developments in Egypt and Greece," said Titan Group CEO, Dimitri Papalexopoulos. ... |
Adverse weather and foreign currency exchange affect Titan's 1Q1824 May 2018, Published under Cement NewsΤitan Group 1Q18 results suffered from adverse weather conditions in the US and southeastern Europe, coupled with the strengthening of the euro against the US dollar and other currencies. Consolidated turnover reached EUR322.5m, recording a EUR39m decline compared to the previous year. EBITDA declined by EUR7.6m reaching EUR43.5m. Net profit after minorities and the provision for taxes was EUR0.9m, versus a EUR3.9m loss recorded in the 1Q17. Wet weather on the eastern coast of the ... |
Titan's 2017 turnover remains stable at EUR1506m28 March 2018, Published under Cement NewsTitan's 2017 consolidated turnover remained stable, at EUR1505.8m, a marginal 0.2 per cent decline compared to 2016. EBITDA reached EUR273.4m, a 1.9 per cent decrease. Non-recurring events (staff redundancy programmes in Egypt and Greece and hurricane Irma in Florida) had a negative impact on EBITDA of about EUR1m, against EUR6.7m of such costs in 2016. Net profit after minorities and the provision for taxes was EUR42.7m, compared to EUR127.4m in 2016. Annual results strengthened on t... |
Titan Group announces 9M17 net profits of EU33.1m02 November 2017, Published under Cement NewsTitan Group recorded a small increase in sales and operating profitability in the nine months of 2017, mostly thanks to the growth in the US market. Consolidated turnover reached EUR1144.5m, posting a 1.8 per cent increase compared to the same period in 2016. EBITDA increased by 4.6 per cent to EUR214.5m. Net profit, after minority interests and the provision for taxes, stood at EUR33.1m versus EUR121.9m in the nine months of 2016. Third quarter results in 2017 reflected two exceptional e... |
Titan 1Q results driven by US market11 May 2017, Published under Cement NewsFinancial results for Titan Group in the first quarter of 2017 recorded an improvement, primarily due to the continued recovery of the US market. All geographic regions where the group operates recorded higher sales volumes with the exception of Greece, where demand remains stagnant at low levels. Consolidated turnover was EUR361.8m posting a 7.1 per cent increase compared to the 1Q16. EBITDA increased by 18 per cent reaching EUR51.1m. The net result after minority interests and the provi... |
Titan FY16 results bring net profits of EUR278.6m23 March 2017, Published under Cement NewsTitan Group's 2016 financial results recorded a significant improvement in profitability, thanks to the continuing growth of the US market and the recovery of results in Egypt. Consolidated turnover reached EUR1509m, posting an eight per cent increase compared to 2015. EBITDA increased by 28.7 per cent to EUR278.6m while net profit after minority interests and tax provision, stood at EUR127.4m, compared to EUR33.8m in 2015. In the fourth quarter of 2016, the group maintained the stro... |
Energy market prospects09 December 2016, Published under Cement NewsCem Prospects 2016 gathered together cement producers, solid fuel traders, suppliers and freight specialists for a two-day conference exploring the energy markets and outlook for the year ahead. Held at the Hilton Athens, Greece, on 6-8 November, the meeting was organised by Cimeurope sarl, a subsidiary of CEMBUREAU – the European cement association. Cem Prospects' meeting was held at the Hilton Athens, Greece on 6-8 November, and was organised by Cimeurope sarl, a subsidiary of... |
Titan Group 9M16 results boosted by Egypt and US03 November 2016, Published under Cement NewsTitan Group results recorded a significant improvement in the nine months of 2016, reflecting the growth of the US market and the improvement of results in Egypt. Consolidated turnover reached EUR1124.2m, posting a 9.2 per cent increase compared to the same period in 2015. EBITDA increased by 24.1 per cent reaching EUR205m. Net profit, after minority interests and the provision for taxes stood at EUR121.9m compared to EUR36.2m in the nine months of 2015. Net profit was positively affected... |
Titan's US business continues to advance29 July 2016, Published under Cement NewsTitan's first-half turnover improved by 7.6 per cent to EUR723.8m and EBITDA was ahead by 13.5 per cent to EUR119.5m. Following an increase in the depreciation charge of a modest 6.7 per cent, the trading profit improved by 21.4 per cent to EUR59m. After a net financial charge 6.2 per cent higher at EUR34.7m and other items, notably foreign exchange, the pretax profit dropped from EUR30.9m to EUR7.4m. At the net attributable level, the profit declined from EUR24.4m to EUR9.2m. Capital inves... |
Greece: Heracles Cement plant modernisation07 July 2016, Published under Cement NewsHeracles Cement, a member of the LafargeHolcim Group, announced the completion of its first phase of an investment plan to modernise its Volos plant. The project, costing approximately EUR5m (US$5.5m), aims to boost the plant's export activity and competitiveness in the domestic market. In 2016, Heracles Group has modernised the plant's electrical installations, as part of its strategic priorities to ensure employees' Health and Safety, improve functionality and achieve sustainable dev... |