TITAN CEMENT GROUP : Solid Q2 2022 results
>Second-quarter EBITDA 25% above our estimates - Q2 2022 EBITDA € 93m, up 7% and 25% higher than we estimated (€ 74m). This robust figure was due to price hikes offsetting increases in the cost of energy, raw materials, logistics and shipping. EBITDA margin was 16% versus 19% in Q2 2021. Q2 2022 sales came to € 581m, up 29% and 10% higher than we estimated (€ 527m). Concrete activities were the only business showing volume growth in Q2: cement (+0.2%), aggregates (-7%...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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