TITAN CEMENT GROUP : Rising costs and a margin squeeze in the short term
>Q2 2021 EBITDA came out 9% lower than we expected - EBITDA contracted by 10% in Q2 2021 to € 87m, falling 9% short of our forecast (€ 95m). It came out 25% lower than we expected in the USA. This poor performance is due to higher maintenance costs as well as higher logistics and labour costs. EBITDA in the other regions, on the other hand, exceeded our forecasts (cf. page 2). The EBITDA margin reached 19% in Q2 vs 24% in Q2 2020. Sales increased by 12.2% in Q2 2021 t...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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