Brief: Titan Cement International FY EBITDA Up At 267.1 Million Euros

Titan SA

19/03/2020 17:09

March 19 (Reuters) - TITAN CEMENT INTERNATIONAL SA
 TITC.BR :
    * FY EBITDA EUR 267.1 MILLION VERSUS EUR 259.7 MILLION YEAR
AGO
    * FY GROUP CONSOLIDATED REVENUE REACHED €1,609.8 M, HIGHER
BY 8.0%
COMPARED TO THE PREVIOUS YEAR
    * ON CORONAVIRUS: AS THOSE LINES ARE BEING WRITTEN
(MID-MARCH
2020), CORONAVIRUS OUTLOOK HAS CREATED SIGNIFICANT UNCERTAINTY
FOR MACROECONOMIC OUTLOOK
    * FY NET PROFIT AT EUR 50.9 MILLION VERSUS EUR 53.8 MILLION
YEAR
AGO
    * ON CORONAVIRUS: WE HAVE YET TO SEE ANY SIGNIFICANT IMPACT
ON OUR
OPERATIONS AND OUR INDUSTRY IS LESS EXPOSED THAN MOST TO
IMMEDIATE EFFECTS OF OUTBREAK, IT IS INEVITABLE THAT WE WILL BE
IMPACTED
    * Q4 NET PROFIT AFTER TAXES & MINORITIES AT EUR 5.7 MILLION
VERSUS
EUR 3.6 MILLION YEAR AGO
    * ON CORONAVIRUS: WE ARE CREATING CONTINGENCIES AND
FLEXIBILITIES
AND WE HAVE STRENGTHENED OUR LIQUIDITY POSITION TO EUR 400M IN
COMBINATION OF CASH IN HAND AND AVAILABLE COMMITTED BANK CREDIT
FACILITIES
    * ON CORONAVIRUS: UP UNTIL EMERGENCE OF CORONAVIRUS CRISIS,
OUR
PLANNING FOR 2020 WAS BASED ON A BROADLY POSITIVE OUTLOOK
    * GROUP OPERATING FREE CASH FLOW IN 2019 WAS €175M, POSTING
AN
INCREASE OF €23M COMPARED TO 2018

Source text: https://bit.ly/2QsD1i6
Further company coverage:  TITC.BR 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))