Cement News tagged under: Titan Cement Group

RSS feed

Titan Group joins the GCCA

26 September 2018, Published under Cement News

Greece’s Titan Group has announced that it has joined the Global Concrete and Cement Association (GCCA). Through its participation, the company continues building on its commitment to actively engage in collaborative initiatives aiming to address global sustainability challenges, according to a press release. The UK-based GCCA will incorporate the activities of the Cement Sustainability Initiative (CSI) as of January 2019, following a strategic partnership with the World Business Council f...

Titan looks for a stronger 2H18 performance

27 July 2018, Published under Cement News

This week, Titan Cement Group announced its 1H18 results , which were hit by the strengthening euro against foreign currencies. Turnover fell by 7.9 per cent YoY to EUR712.5m in the first six months of 2018 from EUR773.8m in 1H17 while EBITDA declined from EUR142.1m in 1H17 to EUR122.2m in 1H18. Despite this, the group recorded significantly higher net profits than in 1H17 at EUR24.8m (1H17:EUR13.9m).  Looking ahead, the Greek multinational is counting on improved weather in the USA and f...

Titan's 1H18 net profit rises 78.3% but turnover declines 7%

26 July 2018, Published under Cement News

Titan Cement Group's 1H18 results showed a mixed performance with consolidated turnover reaching EUR712.5m, down EUR61.3m or 14 per cent on 1H17. Titan cited the strength of the euro against the dollar and other currencies as having a negative impact of EUR10m on group EBITDA. Still, net profits after tax amounted to EUR24.8m, up from EUR13.9m in 1H17. Turnover in 2Q18 was disappointing at reaching EUR390m compared to EUR412m in 2Q17. EBITDA in 2Q18 reached EUR78.7m, down 13.5 per cent on...

Titan blown off course by Irma and devaluation in Egypt

03 November 2017, Published under Cement News

Titan Group released its 9M17 results this week and was hit by two exceptional events, namely hurricane Irma and the currency devaluation in Egypt. While the group's turnover reached EUR114.5m, a 1.8 per cent increase on the same period in 2016, 3Q17 turnover declined by 7.4 per cent to EUR370.7m and EBITDA fell by 15.3 per cent to EUR72.4m. USA bolsters results In the USA, where the company operates 3.5Mta cement capacity, the company reported that the market continues to grow despite ...

Titan Group announces 9M17 net profits of EU33.1m

02 November 2017, Published under Cement News

Titan 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 market

11 May 2017, Published under Cement News

Financial 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 Group 9M16 results boosted by Egypt and US

03 November 2016, Published under Cement News

Titan 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...