TITAN CEMENT GROUP : When a satellite moves to the front of the pack
>2022 EBITDA 12% above expectations (Q4 >56%) - Titan posted Q4 2022 EBITDA of € 97m, up 82.8% and ahead of our expectations (€ 62m). Relative to our estimates, the performance was above our forecasts in the US (forex effect) and in southern Europe where the price/cost differential is well into positive territory (see page 2). Lower energy costs, the increased use of alternative fuels and higher prices saw the EBITDA margin improve markedly. It came in at 15.6% in Q4 ...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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