TITAN CEMENT GROUP : Not settling for the routine
>Q3 2023 EBITDA 14% ahead of our expectations - Q3 2023 EBITDA of € 156m, up 63% and 14% better than we expected (€ 137m). This good showing can be attributed to an improvement in volumes and prices and to operating efficiency measures (energy cost control, mix improvement). The EBITDA margin came to 23.5% in Q3 vs 15.2% in Q3 2022. Q3 2023 sales of € 663m, up 6% and 4% ahead of our expectations (€ 637m). Cement (+4%) and concrete (+7%) posted volume growth in Q3...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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