Titan Cement International N.V. ( (TTCIF) ) has released its Q3 earnings. Here is a breakdown of the information Titan Cement International N.V. presented to its investors.
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Titan Cement International N.V. is a prominent company in the building and infrastructure materials industry, known for its innovative solutions and commitment to sustainable growth across developed markets, including the US, Europe, and the Eastern Mediterranean.
The latest earnings report for the first nine months of 2024 highlights Titan Cement International’s strong financial performance, with Group Sales increasing by 4.9% to €1,985 million and a notable rise in EBITDA by 14.6% year-to-date, reaching €455 million. This robust performance was driven by higher volumes and improved pricing across all main products and regions.
Key financial metrics indicate a significant increase in net profit by 20% to €238 million, alongside a favorable leverage ratio of 1.1x EBITDA. The company has also made strategic acquisitions, including quarries and a Ready-Mix unit, and is progressing with plans to list its US operations on a New York stock exchange in early 2025. Additionally, Titan Cement International has launched a Sustainability-Linked Financing Framework as part of its Green Growth Strategy 2026.
Looking ahead, Titan Cement International maintains a positive outlook with expectations of continued solid pricing and healthy volumes. The management anticipates another year of record sales and profitability, driven by strategic initiatives and a focus on sustainability, which align with the company’s long-term vision and goals.
