TITAN CEMENT GROUP : The envy of many
>Q2 2023 EBITDA broadly in line with our estimates - EBITDA in Q2 2023 was € 134m, up 44% (vs. € 130m est. ODDO BHF). EBITDA margin was 21% versus 16% in Q2 2022. This resulted from lower costs in the form of increased use of alternative fuels and lower energy expenditure.Sales in the same quarter rose 10% to € 641m (vs. our estimate of € 630m). Only the aggregates business saw volume growth in Q2: cement (-2%), aggregates (+4%) and concrete (-1%). End-June ...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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