TITAN CEMENT GROUP : In the US, we trust
>Q3 2021 EBITDA 3% above our expectations - Q3 2021 EBITDA at € 77m, a decline of 17% and above our estimates (€ 75m). The performance is above our estimates for the US and below them in Greece where we were too optimistic (see page 2). Like its major peers, the group will have been hit by the energy price environment and high logistics costs. The EBITDA margin came to 17% in Q3 vs 22% in Q3 2020, a margin decline of close to 500bp. The EBITDA margin contraction will...Titan Cement International SA is a Belgium-based international cement and building material producer. The Company's activities include the production, transportation, and distribution of cement, concrete, aggregates, fly ash, mortars and other building materials. The Company reports its activities into four geographical business segments: Greece and Western Europe, North America, South East Europe and Eastern Mediterranean. Apart from the transportation and distribution, the Company also transfers its know-how through collaborations with customers, business partners, local communities and Academia.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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