Cement News tagged under: Titan Group
Titan Group reports revenues of EUR1202m in 9M2012 November 2020, Published under Cement NewsTitan Group announced its consolidated revenue totalled EUR1202.4m for the 9M20, a marginal decline of 0.5 per cent when compared with the revenue in the 9M19. Operating profitability (EBITDA) in January-September 2020 rose by 10.1 per cent to EUR229.4m. Net profit after taxes and minorities in the 9M20 was EUR58m compared to EUR45.2m in 9M19. In the 3Q20 Titan Group’s revenue fell by 1.7 per cent compared to the 3Q19 at EUR416m, while group EBITDA in the 3Q20 grew by 7.4 per cent to EUR9... |
Titan Group's 1H20 revenues stable at EUR786m30 July 2020, Published under Cement NewsTitan Group consolidated revenue in the 1H20 amounted to EUR786.3m, remaining largely stable (+0.1 per cent) over the same period the previous year. Group cement and cementitious volumes reached 7.9Mt in the 1H20, down two per cent from 8.1Mt in the 1H19. Ready-mix sales edged up 1.3 per cent YoY to 2.64Mm 3 from 2.6Mm 3 in 1H19, while aggregate volumes totalled 9.2Mt, up 2.6 per cent from 8.9Mt in 1H19. EBITDA was up 12 per cent YoY, reaching EUR136.8m, while the group's EBITDA margin r... |
Bridging the gap to a digital future22 May 2020, Published under Cement NewsCemtech hosted a live webinar this week to explore how cement producers could best approach the digital transformation of cement plants. The ideal speaker to explain some of the challenges that they would need to overcome was Titan's Group Engineering & Technology Executive Director, Fokion Tasoulas. Over the past three years, Titan has been setting up a digital platform for its entire group, including its network of 14 cement plants, spanning 10 countries and five continents. The company's... |
Titan successfully navigates pandemic in first quarter15 May 2020, Published under Cement NewsThis week Titan Group released its 1Q2020 business results which saw the group's revenues rise by 6.1 per cent to EUR384.8m , compared to 1Q19. ICR looks a little closer now at how the group's operations have been performing. Dimitris Papalexopoulos, chairman of the group, said: "The Group successfully navigated the first phase of the [COVID-19] crisis. Since the first emergence of the pandemic which appeared in our countries of operation in early to mid-March, our first focus has been to... |
Titan Group sees 6% revenue increase in 1Q2014 May 2020, Published under Cement NewsBased on robust US demand and resilience of markets in the eastern Mediterranean, Titan Group's consolidated revenue increased in the 1Q20 by 6.1 per cent, reaching EUR384.8m, despite the slowdown of business due to COVID-19 since mid-March. EBITDA declined by EUR3.7m, or 8.5 per cent YoY, reaching EUR40.6m, mainly due to the advanced costs of about EUR10m associated with the earlier timing of the plant maintenance in Florida (completed in 2Q19). Preliminary April year-to-date financials ... |
Titan releases 2019 annual report and assesses COVID-19 impact17 April 2020, Published under Cement NewsTitan Group released its 2019 annual report this week , covering its performance financially and with its environmental and social programmes. It also gave an outline of how it had been affected by the COVID-19 pandemic. Tarkis Arapoglou, chairman of Titan's Board of Directors, said: "The slow, steady and simultaneous recovery of the global economy in recent years continued throughout most of 2019 but regrettably was abruptly interrupted by the advent of the COVID-19 pandemic." Moderate ... |
Titan Cement Group's turnover rises by 9% in 3Q1907 November 2019, Published under Cement NewsTitan Cement Group's 3Q19 results saw consolidated turnover rise by 8.7 per cent compared to 3Q18, EBITDA rose by 15.4 per cent and net profit increased by 25.7 per cent. In the 9M19 consolidated turnover rose by 9.7 per cent to EUR1208.5m and EBITDA grew by 5.8 per cent to EUR208.4m. However, net profit declined by 9.9 per cent in 9M19 to EUR45.3m, because of depreciation charges, partly due to IFRS adoption and the consolidation of Turkey in full in 2019. Regional results In ... |
Titan Cement International makes debut on Brussels, Paris and Athens stock markets24 July 2019, Published under Cement NewsTitan Cement International SA, the new parent company of Titan Group, made its official debut in the stock markets of Euronext Brussels, Athens Stock Exchange and Euronext Paris on Tuesday. A total of 78,668,627 common nominal shares began trading in the Euronext markets under the tick name (TITC) at 09.00 Brussels time, while trading in the Athens Stock Exchange began at 10.30h local time. "The listing in the Euronext markets is a significant landmark in the group's 117-year history ... |
Can Titan expect a better 2019?28 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 Group records turnover of EUR1.4bn in FY1821 March 2019, Published under Cement NewsTitan Group recorded consolidated turnover for 2018 at EUR1490.1m, recording a marginal one per cent decline compared to 2017. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by five per cent to EUR259.7m. Group net profit after minority interests and the provision for taxes reached EUR53.8m, posting a 26 per cent increase compared to 2017. In 4Q18 group turnover increased by 7.5 per cent reaching EUR388.2m and EBITDA increased by 6.6 per cent to EUR6... |