Titan Cement International N.V. (TTCIF) has released an update.
Titan Cement International N.V. reported a robust first half of 2024, with revenues climbing 7.6% to €1.323 billion and a 34.1% surge in net profit to €148.7 million, driven by strong demand and operational efficiency in the United States and Europe. EBITDA also rose by 16.7% to €281.4 million, with the company actively progressing in its decarbonization and digitization efforts while preparing to list its American activities on a New York stock exchange in Q1 2025. The positive outlook is supported by continuous volume growth and resilient prices, promising further value creation.
For further insights into TTCIF stock, check out TipRanks’ Stock Analysis page.
