Titan Cement S.A. Group Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 07, 2018
Share
Titan Cement S.A. Group reported consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported turnover of EUR 389.4 million compared to EUR 370.7 million a year ago. EBITDA was EUR 74.7 million compared to EUR 72.4 million a year ago. Profit before tax was EUR 30.7 million compared to EUR 27.4 million a year ago. Net profit was EUR 25.4 million compared to EUR 19.2 million a year ago.
For the nine months, the company reported turnover of EUR 1,101.9 million compared to EUR 1,144.5 million a year ago. EBITDA was EUR 196.9 million compared to EUR 214.5 million a year ago. Profit before tax was EUR 65.9 million compared to EUR 59.1 million a year ago. Net profit was EUR 50.2 million compared to EUR 33.1 million a year ago. Group capital expenditure in the nine months of 2018 stood at 77 million, 14 million less than in the same period in 2017. Group free operating cash flow stood at 62 million and was 10 million higher compared to the nine months of 2017, reflecting lower EBITDA levels but also lower capital expenditure and lower working capital requirements. Group net debt as at 30 September 2018, stood at 784 million, representing an increase of 26 million versus net debt at 30 September 2017.
Titan Cement International SA is a multiregional cement and building materials producer. Business activities cover the production, transportation and distribution of cement, concrete, aggregates, fly ash, mortars and other building materials. The Group employs over 5,000 people and operates in more than 25 countries, holding prominent positions in the United States, Greece, the Balkans, and the Eastern Mediterranean. Throughout its history the Group has aspired to serve the needs of society, while contributing to sustainable growth with responsibility and integrity.
TITAN CEMENT INTERNATIONAL SA 
