Titan SA Q2 sales rise 14% on volume and pricing gains
Titan SA Q2 sales rise 14% on volume and pricing gains
Overview
Cement producer's Q2 sales rose 14% yr/yr on higher volumes and pricing
Q2 EBITDA increased 6% yr/yr, aided by cost-saving measures and recent acquisitions
Company launched new €20 mln share buyback program ending March 2027
Outlook
Titan SA upgrades 2026 guidance, expects high single-digit sales growth and over-proportional EBITDA growth
Company sees 2026 CapEx at €300-350 mln, mainly for growth and strategic investments
Titan expects US growth to remain moderate, with mixed construction demand and resilient infrastructure activity
Result Drivers
HIGHER VOLUMES AND PRICING - Q2 sales growth was supported by increased volumes across core product lines and improved pricing in all regions
ACQUISITIONS - Recent acquisitions in the US, Türkiye and France contributed to sales and EBITDA growth in Q2
COST-SAVING INITIATIVES - Cost-efficiency measures under Project Prime helped offset higher energy costs and supported margin expansion
Company press release: ID:nBw9d5BSha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| EUR 784 mln |
|
Q2 Net Income |
| EUR 89 mln |
|
Q2 Capex |
| EUR 160 mln |
|
Q2 EBITDA |
| EUR 174.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction materials peer group is "buy"
Wall Street's median 12-month price target for Titan SA is €66.50, about 28.8% above its July 29 closing price of €51.65
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
July 30 - Heidelberg Materials tones down profit outlook as Iran war drives up energy costs
July 29 - France's Vicat H1 sales rise on emerging markets strength, lifts 2026 outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)