Cement News tagged under: Greece
Titan completes successful share exchange tender for Euronext and Athens listings18 July 2019, Published under Cement NewsTitan Cement Co SA has announced the successful voluntary share exchange tender offer submitted by Titan Cement International SA to the shareholders of Titan Cement SA. The tender acceptance rate of 90 per cent was exceeded with 93 per cent acceptance rate for the ordinary shares and 92.3 per cent for the preference shares. Titan Group will be listed through Titan Cement International SA on Euronext Brussels, the Athens Exchange and Euronext Paris on 23 July 2019. "The listing of TITAN Gro... |
Can Titan expect a better 2019?24 May 2019, Published under Cement NewsThis week Titan Group announced its first-quarter 2019 results which saw a 12.5 per cent rise in turnover but also a EUR6.2m loss appearing on the company’s profit and loss account. While the US market and southeastern Europe returned healthy business results, the company’s performance was more muted in its other markets, particularly in Egypt and Turkey. However, going forward Titan sees the overall group outlook for 2019 as more favourable. The USA is Titan’s most important market, ge... |
Titan reports 13% advance in 1Q turnover but EUR6.2m net loss23 May 2019, Published under Cement NewsGreece-based Titan Group reported a 12.5 per cent rise YoY in consolidated turnover to EUR362.7m in the first quarter of 2019 ended 31 March 2019. The company attributed the higher sales to a robust US market and growth in southeastern Europe. EBITDA was up two per cent to EUR44m as the company faced a challenging business environment in Egypt and Turkey. Titan's net result was impacted by higher depreciation charges and unfavourable foreign exchange rates, recording a EUR6m loss (1Q18: E... |
Titan Cement moves to Brussels listing23 October 2018, Published under Cement NewsTitan Cement International SA has submitted a voluntary tender offer for the exchange of all ordinary and preference shares issued by Titan Cement Co with new share of Titan Cement International SA to facilitate the listing of the Titan Group in the Euronext Brussels stock exchange, one of the largest EU stock exchanges, according to a company statement. However, the cement producer will maintain a parallel listing on the Athens Exchange and Euronext Paris. The step will support its indepe... |
Titan Group joins the GCCA26 September 2018, Published under Cement NewsGreece’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 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... |