Cement News tagged under: Greece
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... |
The Mediterranean and beyond25 May 2016, Published under Cement NewsThe Mediterranean has always played a vital role in the world economy and international trade. In recent years its bordering countries have been affected by turmoil caused by various factors: the economic crisis, a fall in oil prices, increasing migration and Islamisation, political instability and wars. This uncertainty has affected construction investment and regional cement demand. For Mediterranean cement producers this has meant a need to find new markets and look beyond the usual horiz... |
Titan's US profits more than double11 March 2016, Published under Cement NewsTitan's turnover rose by 20.7 per cent in 2015 to EUR1397.8m and EBITDA improved by 19.2 per cent to EUR216.4m. Following an 24.4 per cent increase in the depreciation and impairment charge to EUR130.7m. boosted by a EUR11.6m impairment charge in the USA, the trading profit declined by 3.2 per cent to EUR108.9m. The net financial charge was 1.7 per cent higher at EUR66.8m while the foreign exchange gain was 43.9 per cent lower at EUR17.4m in the previous year. The pr-tax profit was 10 per... |
Lafarge begins public offer for Heracles shares, Greece12 November 2015, Published under Cement NewsThe Greek Capital Market Commission has approved a Lafarge Cementos SAU information bulletin over a public offer to the shareholders of Heracles Cement SA, submitted on 30 July 2015. The public offer envisages the acquisition of all common nominal voting shares of Heracles at a price of 1.23 euros per share incash. The public offer period began yesterday and ends on 11 December 2015. Following completion of the public offer process, Lafarge will call for a general shareholders' meeting in ... |
Titan performs strongly in the USA06 November 2015, Published under Cement NewsTitan's turnover improved by 18.9 per cent to EUR1029.5m in the first nine months of 2015 and EBITDA was up by 12.6 per cent to EUR165.2m, though in the third quarter EBITDA was ahead by just 3.8 per cent, reflecting the weakness in Greece. The trading profit for the nine months was 17.9 per cent higher at EUR80.5m and, after a 14.6 per cent increase in net financial charges and a positive contribution from associates of EUR3.8m as well as a reduced foreign exchange gain, the pre-tax prof... |
Titan postpones dividend payment01 July 2015, Published under Cement NewsGreece's Titan Cement Co said yesterday that it would postpone its 2014 dividend payment, due on 1 July 2015 because of the bank holiday announced by the Greek government on Sunday. "Here will be a new announcement regarding the new date and the method of payment," of the dividend, the company said. |