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News Titan Cement increases sales and profit as earnings drop in first nine months of 2021

Titan Cement increases sales and profit as earnings drop in first nine months of 2021

Written by Global Cement Staff 11 November 2021
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Greece: Titan Cement has recorded sales of Euro1.26bn in the first nine months of 2021, up by 5% year-on-year from Euro1.2bn in the first nine months of 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 4.3% to Euro220m from Euro229m, while its net profit rose by 41% to Euro81.9m from Euro58m.

During the third quarter of 2021, Titan Cement’s US low-carbon cement sales reached 50% of its total US cement sales. It also continued with hydrogen enrichment pilot studies in its cement kilns in Bulgaria and Greece.

Last modified on 17 November 2021
Published in Global Cement News
Tagged under
  • Titan Cement
  • Titan America
  • Results
  • Bulgaria
  • Greece
  • US
  • hydrogen
  • Fuel
  • Alternative Fuels
  • pilot
  • Study
  • Trial
  • low carbon cement
  • GCW532
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