Greece · Delayed Price · Currency is EUR Titan Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 results with sales up 6.4% and EBITDA up 9.3% like-for-like, driven by strong U.S., Greece, and Egypt performance. 2026 guidance targets continued growth, with robust CapEx and ongoing strategic acquisitions, while monitoring geopolitical risks.
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A transformational growth strategy is underway, targeting €4 billion in sales and €1 billion EBITDA by 2029, driven by investments in core materials, alternative cementitious materials, and digital innovation. Sustainability and decarbonization are central, with ACMs expected to contribute 10% of revenue and operational efficiencies of €120 million annually.
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Record quarterly results with strong sales, EBITDA, and margin expansion driven by robust US and Greek markets, strategic acquisitions, and cost efficiencies. Positive outlook continues, with infrastructure and commercial sectors leading growth and a housing rebound expected in H2 2026.
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First-half 2025 saw sales and EBITDA growth, margin resilience, and strong cash flow, driven by robust U.S., Greek, and Egyptian markets, strategic divestments, and progress in decarbonization and digitalization. Outlook remains optimistic with continued investment and low leverage.
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Q1 2025 saw strong sales and EBITDA growth, with robust US, Greece, and Egypt performance offsetting weather impacts elsewhere. Leverage hit a record low after the Titan America IPO, and the group remains optimistic for 2025, focusing on infrastructure and export growth.
Fiscal Year 2024
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Record 2024 results with sales up 3.8% and EBITDA up 9.6%, driven by strong U.S. and European performance, margin expansion, and strategic investments. Positive 2025 outlook, with CapEx to exceed EUR 300 million and further growth expected across key markets.
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Sales and EBITDA grew across all regions, with margin expansion and strong cash flow. US and Greece led performance, despite weather impacts, and the group remains on track with its 2026 strategy, decarbonization, and US IPO plans. Positive outlook continues for 2024 and 2025.
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Strong H1 2024 results with sales up 7.6%, EBITDA up 16.7%, and net profit up 34%, driven by growth in the U.S., Greece, and Southeast Europe. Positive outlook maintained, supported by robust infrastructure demand, ongoing decarbonization, and digitalization initiatives.