TITAN CEMENT GROUP : Price-cost differential back in positive territory
>Q3 2022 EBITDA came in 11% ahead of our expectations - Q3 2022 EBITDA at € 95.4m, up 23.9% and 11% better than our forecasts (€ 86m). This good performance was driven by price increases, which offset higher costs for energy, commodities, logistics and transport, but also an improvement at the volume level. The EBITDA margin came to 15.2% in Q3 vs 17.4% in Q3 2021. Q3 2022 sales came to € 626.3m, up 42% and 8% ahead of our expectations (€ 582m). All the businesses pos...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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