Brief: Titan Cement International Q3 EBITDA Up At EUR 95.4 Mln

Titan SA

10/11/2022 08:21

Nov 10 (Reuters) - TITAN CEMENT INTERNATIONAL SA
 TITC.BR :
    * 9MONTH 2022 RESULTS
    * GROUP SALES INCREASED BY 31.6% TO €1,661.8M YEAR-TO-DATE,
WITH A
VERY STRONG Q3 GROWTH AT 41.8% VERSUS THE SAME PERIOD OF LAST
YEAR
    * EBITDA REBOUND IN Q3 TO €95.4M, UP BY 23.9% VERSUS Q3 2021
    * SUCCESSFUL LOW-CARBON PRODUCT ROLLOUT IN THE US MARKET
    * GROWTH AND DECARBONIZATION CAPEX PROJECTS CONTINUED WITH
SPENDING AT €158M FOR THE FIRST 9 MONTHS
    * SIGNIFICANT REDUCTION OF DIRECT CO 2 EMISSIONS BY 5.5%, 90
ONGOING PROJECTS, NEW CO2 TARGETS ANNOUNCED IN LINE WITH 1.5°C
CLIMATE FRAMEWORK
    * GROUP'S NINE-MONTH 2022 NET RESULT AFTER TAXES AND
MINORITY
INTERESTS WAS UP TO €89.1M COMPARED TO A PROFIT OF €81.9M IN THE
SAME PERIOD OF 2021, HIGHER BY 8.7%
    * 9-MONTH NET PROFIT AFTER MINORITIES EUR 89.1 MILLION
VERSUS EUR
81.9 MILLION YEAR AGO

Source text for Eikon:  ID:nNDL7pZbMw 
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