TITAN Group: Trading Update - First Quarter 2025

About this update from Titan S.a.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2885,"height":1195,"url":"https://media.zenfs.com/en/business-wire.com/64e90a376f2f4cf6f02615c2d6d0bb8e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lrMh7_zYK0DU28yOoWXyBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM5ODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/64e90a376f2f4cf6f02615c2d6d0bb8e","width":960,"height":398},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/Cxr4wNMdxpMtvP8aTCR02Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD05OTQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/64e90a376f2f4cf6f02615c2d6d0bb8e","width":1200,"height":497}},"lazy":false},{"type":"text","content":"Solid quarter with growth in Sales and operating Profitability","length":62,"tagName":"p"},{"type":"text","content":"BRUSSELS, May 08, 2025--(BUSINESS WIRE)--Regulatory News:","length":57,"tagName":"p"},{"type":"text","content":"Titan SA (Euronext Brussels, Euronext Paris and ATHEX, "TITC") announces the first quarter 2025 summary financial results.","length":132,"tagName":"p"},{"type":"text","content":"First quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"A positive start to the year with sales up by 2.4% at €638.4m, thanks to firm pricing, sustained volumes in cement and growth in volumes in other core products, despite the adverse weather impacting the US and Southeast Europe markets.","length":235,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Strong EBITDA growth of 11.7%, reaching €122.6m, thanks to sustained performance in the US, Greece and Egypt markets, and as a result of investments delivering operational efficiencies.","length":185,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Profit before taxes grew by +2.9%, to €66.6m, while NPAT attributable to shareholders declined as a result of €4.2m income attributable to minority shareholders of Titan America S.A. and €7m of incremental tax costs.","length":216,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Debt leverage at low 0.5x EBITDA, further strengthened by the US IPO cash proceeds.","length":83,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"IPO of Titan America S.A. completed in February on NYSE, w...

More updates from Titan S.a.