Titan Cement International N.V. ( (TTCIF) ) has released its Q4 earnings. Here is a breakdown of the information Titan Cement International N.V. presented to its investors.
Titan Cement International N.V. is a leading cement and building materials producer operating primarily in the construction industry, with a strong presence in the US and Europe and a focus on sustainability and digital innovation.
In its 2024 earnings report, Titan Cement International N.V. announced a record year of profitability, driven by strong performance in the US and Europe, with significant contributions from increased sales volumes and operational efficiencies. The company also highlighted its commitment to sustainability and digital transformation.
Key financial metrics for 2024 included a 3.8% increase in group sales to €2.644 billion and a 9.6% rise in EBITDA to €592.1 million. Net profit after taxes grew by 17.3% to €315.3 million, and earnings per share increased to €4.2. The company also reduced its net debt to €622 million and achieved a leverage ratio of 1.02x. Strategic initiatives included the IPO of Titan America on the NYSE, a divestment in Türkiye, and significant investments in growth and sustainability projects.
Looking ahead, Titan Cement International N.V. anticipates continued growth in 2025, supported by its strong market positions in the US and Europe, ongoing investments in innovation and sustainability, and favorable market conditions. The company remains focused on executing its 2026 Green Growth Strategy to drive sustainable and profitable growth.