Titan Cement International N.V. ( (TTCIF) ) has released its Q2 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., a prominent player in the building and infrastructure materials industry, operates across 25 countries with a significant presence in the US, Europe, and the Eastern Mediterranean. The company is committed to sustainable growth and innovation, with a net-zero carbon goal set for 2050.
In the first half of 2025, Titan Cement reported a slight increase in sales to €1,328.6 million, driven by strong performances in the US, Greece, and Egypt, despite challenges such as adverse weather and currency fluctuations. The company’s EBITDA rose by 2% to €286.9 million, supported by operational efficiencies and strategic pricing.
Key financial highlights include a robust liquidity position with net debt reduced to €137 million and a low leverage ratio of 0.2x EBITDA. The company completed the divestment of its stake in Adocim, Türkiye, and launched a new €10 million share buyback program. Strategic investments in sustainability and digitalization, including AI integration in cement production, were emphasized.
Looking forward, Titan Cement remains cautiously optimistic for the remainder of 2025, anticipating steady volumes and firm pricing. The company continues to focus on digital transformation and low-carbon solutions to enhance efficiency and resilience, aligning with its long-term growth strategy.