TITAN CEMENT GROUP : To better confirm the promises of a bright future
>2023 EBITDA in line with expectations – net debt sharply lower - TITAN Cement had already reported its preliminary results (see our flash “From record to record”). 2023 EBITDA came to € 540m (+63%), in line with our expectations (€ 537m) and its preliminary results (>€ 535m). The EBITDA margin came in at 21.2% and 23% in Q4, or +~636bp (after +821bp in Q3, +493bp in Q2 and +802bp in Q1). This excellent performance can be attributed to solid demand throughout the year...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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