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News Titan Cement Group boosts sales in first half of 2023

Titan Cement Group boosts sales in first half of 2023

Written by Global Cement staff 27 July 2023
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Greece: Titan Cement Group reported sales of Euro1.23bn in the first half of 2023, up by 19% year-on-year from Euro1.04bn in the first half of 2022. Its sales rose by 25% to Euro736m in the US, by 21% to Euro197m in Greece and Western Europe and by 16% to Euro195m in Southeast Europe. However, they fell by 11% to Euro101m in the Eastern Mediterranean. The producer noted a cement demand decline in Brazil of 1.6%. Titan Cement Group's consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 77% to Euro241m from Euro136m.

Chair Marcel Cobuz said “An excellent first half of the year with strong pricing over costs and increased percentage of low carbon sales reaching 25% in infrastructure and building projects across the group. We are well on track for a record year of growth and an accelerated roadmap of decarbonisation and digitalisation.”

Last modified on 02 August 2023
Published in Global Cement News
Tagged under
  • Greece
  • Titan Cement
  • Titan Cement
  • Results
  • Europe
  • Middle East
  • Brazil
  • Outlook
  • market
  • demand
  • Sustainability
  • CO2
  • low carbon cement
  • Strategy
  • GCW619
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