Greece: Rise of 20.7% in Titan Cement’s 2015 revenues

Greek firm Titan Cement posted a 20.7% year-on-year rise in its 2015 revenues, a 19.2% increase in its EBITDA to €216.4 million, and a 9.1% growth in its net profits to €33.8 million. In last year's Q3, the group's revenues went up by 25.8% to €368.3 million, and its EBITDA by 46.7% to €51.2 million. Titan Cement also posted a net loss of €2.4 million, from €0.4 million profits in the same period of 2014.
March 14, 2016 Read time: 1 min

Greek firm 719 Titan Cement posted a 20.7% year-on-year rise in its 2015 revenues, a 19.2% increase in its EBITDA to €216.4 million, and a 9.1% growth in its net profits to €33.8 million. In last year's Q3, the group's revenues went up by 25.8% to €368.3 million, and its EBITDA by 46.7% to €51.2 million. Titan Cement also posted a net loss of €2.4 million, from €0.4 million profits in the same period of 2014.

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Titan Group improves profitability

Titan Group recorded a significant improvement in profitability in 2016, thanks to the continuing growth of the US market and the recovery of results in Egypt.

Consolidated turnover reached €1.509 billion, posting an 8% increase compared to 2015. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 28.7%, reaching €278.6 million. Net profit after minority interests and the provision for taxes, stood at €127.4 million, compared to €33.8 million in 2015. 2016 results include

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