TITAN CEMENT GROUP : Setting new records
>2023 EBITDA 2% ahead of the consensus - TITAN CEMENT yesterday release its preliminary 2023 results which came in ahead of market expectations. Sales came in above € 2,540m, +11% y-o-y (Visible Alpha consensus at € 2,540m and ODDO BHF at € 2,531m), EBITDA exceeded € 535m, +61% y-o-y (css at € 525m and ODDO BHF estimate € 528m) and net profit topped € 265m, +141% y-o-y (css at € 239m and ODDO BHF at € 215m). At the ODDO BHF Forum in early January, TITAN confirmed that...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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