Titan Cement International N.V.

TITC

Equity

ISIN BE0974338700 / Valor 44565104

Athens Exchange S.A. Cash Market (2026-06-26)

EUR 52.50-1.50%

Titan Cement International N.V.
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About company

Titan Cement International N.V. is a global producer of cement and building materials, with a focus on meeting societal construction needs through the production and supply of a range of products in the construction sector. The company operates internationally, indicating a broad geographic footprint that likely encompasses manufacturing, distribution, and sales operations across various countries. While the company emphasizes its commitment to sustainable growth and responsible operations, its core business revolves around the production of cement and other related building materials. This suggests that Titan Cement International N.V. plays a significant role in the construction industry, providing essential materials for infrastructure, commercial, and residential projects. The mention of aspiring to serve societal needs also hints at a customer-centric approach, aiming to fulfill the demand for high-quality construction materials in a responsible manner.

Summarized from source with an LLMView SourceSector: Industrials

Sales & EBITDA

Full‑year sales €2,644.0m (+3.8% yoy). EBITDA (Like‑for‑Like) €592.1m (+9.6% LfL after adjusting for €12m non‑recurring costs); statutory EBITDA per financials €580.1m.

Profitability & EPS

NPAT (LfL) €315.3m (+17.3%); EPS (LfL) €4.2/share (versus €3.6 in 2023). Adjustments include €12m one‑offs and a €17m goodwill impairment (Türkiye) for NPAT / EPS LfL presentation.

Cash generation & leverage

Operating free cash flow strong at €299m. Net debt reduced to €622m, lowering Net Debt/EBITDA to 1.02x (2023: 1.2x); S&P upgraded the Group to BB+ (stable).

CapEx & investment priorities

CapEx €251m (15‑year high) focused on growth projects, alternative fuels, digitalization and decarbonization (including FEED contract for IFESTOS carbon capture). OFCF funded part of investments.

Regional performance — USA & Europe

USA: sales €1,517.9m (+2.8%), EBITDA (LfL) €340.5m (+15.1%) despite adverse weather. Greece & W. Europe: sales €444.3m (+8.7%) but EBITDA €58.2m (‑11.0%). Southeast Europe: sales €431.5m (+2.3%), EBITDA €167.6m (+14.9%). Eastern Mediterranean: sales €250.3m (+4.4%), EBITDA €25.7m (‑22.5%) partly due to currency devaluations.

Shareholder returns & corporate actions

Board proposes an ad‑hoc increase of the annual dividend by €2 to a total €3.00/share (payment 3 July 2025). Titan completed Titan America IPO in Feb 2025 raising $393m; divestment of 75% of Adocim (East Türkiye) announced with $87.5m proceeds. Ongoing share buy‑back program and 4.10m treasury shares held (5.23% voting rights).

Q4 2024 snapshot

Q4 sales €659.5m (+0.7% yoy), Q4 EBITDA (LfL) €137.6m (‑4.2% yoy) affected by weather and higher distribution/raw material costs; Q4 NPAT (LfL) €77.5m (+9.1% LfL).

ESG & decarbonization

Scope‑1 net emissions 598.4 kg CO2/t (11% reduction vs 2020); alternative fuel substitution reached ~21.2% for the year and >24% in Dec 2024. IFESTOS CCUS FEED signed; multiple sustainability recognitions (CDP Leadership, FT Climate Leaders, TIME Most Sustainable).

Outlook

Management expects continued sales and earnings growth in 2025 driven by strong US and European positions, resilient pricing and volume growth, while noting risks from higher input and distribution costs and macro uncertainty. Summarized from source with an LLMView Source

Key figures

30.8%1Y

209%3Y

218%5Y

Performance

29.6%1Y

27.9%3Y

26.9%5Y

Volatility