Brief: Titan Cement International Q1 EBITDA At 56.1 Million Euros

Titan SA

13/05/2021 07:49

May 13 (Reuters) - TITAN CEMENT INTERNATIONAL SA  TITC.BR :
    * FIRST QUARTER 2021 RESULTS
    * 2021 OUTLOOK MAINTAINED, SUPPORTED BY THE ENCOURAGING
PROSPECTS
OF THE GROUP’S MARKETS
    * Q1 GROUP REVENUE AT €371M, DOWN 3.6% DUE TO WEAKER US$
VERSUS Q1
2020; UP BY 3.2% IN LOCAL CURRENCIES
    * Q1 EBITDA AT €56.1M DRIVEN BY SALES VOLUME GROWTH AND
DEFERRED
MAINTENANCE SHUTDOWNS
    * Q1 NET PROFIT AFTER TAX GROWTH TO €15.3M, A €31M
IMPROVEMENT
VERSUS A €15.8M LOSS IN Q1 2020
    * GROUP NET DEBT AT THE END OF MARCH 2021 CLOSED AT €759M
HIGHER
BY €74M AGAINST THE END OF 2020

Source text for Eikon:  ID:nNDL7zNDT3 
Further company coverage:  TITC.BR 

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