Titan Group has published its 2024 Integrated Annual Report (IAR) which outlines the company's financial, as well as environmental, social, and governance (ESG) performance. 

This report marks a year of record financial performance, strong shareholder returns and a continued focus on long-term stakeholder value creation. As Titan accelerates the execution of its Green Growth Strategy 2026, it remains steadfast in its dedication to sustainability, innovation, and customer-centric growth, setting new standards of excellence across the industry.  

In 2024 TITAN achieved record financial performance, with strong revenue growth and an over-proportional increase in profitability, while further strengthening its balance sheet. Sales increased by 3.8 per cent to EUR2.64bn, driven by higher volumes across all product lines and sustained pricing. All regions contributed to this growth, with the US and Europe leading the way for another year. Total posted a record EBITDA at EUR592m, up by 9.6 per cent, thanks to gains from operating efficiencies and lower solid fuel costs, as well as higher use of alternative fuels. Net profit after tax reached EUR315m, up 17 per cent YoY.

This strong performance for another year underscores the Group’s ability to execute its strategy, delivering growth and resilience in an evolving and volatile market environment. The “Sustainability Statement” section in the 2024 IAR is fully aligned with the Corporate Sustainability Reporting Directive (CSRD), which was enacted by the EU this year, providing a comprehensive overview of how Titan addresses key ESG matters, identified through a double materiality assessment. Titan is shaping a future where business success and societal progress go hand in hand, driven by its purpose: "Making the world around us a safe, sustainable, and enjoyable place to live". 

Capex reached EUR251m, a 15-year high, primarily allocated to growth projects across the supply chain, alternative fuels, digitalisation, and innovation. New digital solutions and further acceleration of existing ones (Real-Time Optimisers), leading to increased production and energy consumption savings. On track to digitalise 100 per cent of our plants by 2026.

Finally, Titan established a significant reduction of CO2 to 598kg per tonne of cementitious product, an 11 per cent decrease, since 2020.