Titan Cement International N.V. ( (TTCIF) ) has released its Q1 earnings. Here is a breakdown of the information Titan Cement International N.V. presented to its investors.
Titan Cement International N.V., a prominent player in the building and infrastructure materials industry, operates across 25 countries with a focus on sustainable growth and innovation. The company has a strong presence in the US, Europe, and the Eastern Mediterranean, and is committed to achieving net-zero emissions by 2050.
In the first quarter of 2025, Titan Cement reported a solid performance with a 2.4% increase in sales to €638.4 million and an 11.7% rise in EBITDA to €122.6 million. Despite adverse weather conditions affecting some regions, the company benefited from firm pricing and operational efficiencies, particularly in the US, Greece, and Egypt. The completion of Titan America’s IPO on the NYSE, raising $393 million, marked a significant milestone for the company.
Key financial highlights include a 2.9% increase in profit before taxes to €66.6 million, although net profit attributable to shareholders declined due to higher taxes and minority interests. The company maintained a low debt leverage of 0.5x EBITDA, supported by the IPO proceeds. Strategic moves included the acquisition of an aggregates quarry in Greece and a partnership in India, alongside a planned divestment in Türkiye.
Looking ahead, Titan Cement remains cautiously optimistic, supported by its presence in high-growth markets. The company anticipates continued sales growth and EBITDA margin expansion, driven by strategic investments and a focus on operational efficiency. Titan’s commitment to sustainability and innovation positions it well for future growth, despite global economic uncertainties.