TITAN CEMENT GROUP : Concrete under strong pressure
>Q1 2022 EBITDA in line with our estimates - Q1 2022 EBITDA was € 46m down 17% and in line with our estimates (€ 45m). Relative to our estimates, the performance came in below our forecasts in the US (freight costs) and in Greece. Conversely, we were overly pessimistic for the south-eastern Europe and Mediterranean zones (cf. page 2). The group continued to suffer from the energy price environment and high logistics costs. The EBITDA margin was down to 10% in Q1 vs 12...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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