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Last €22.78 EUR
Change Today +0.27 / 1.20%
Volume 52.1K
As of 10:12 AM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

titan cement co. s.a. (TITK) Snapshot

Open
€22.13
Previous Close
€22.51
Day High
€23.50
Day Low
€21.91
52 Week High
06/11/14 - €26.69
52 Week Low
10/16/14 - €16.10
Market Cap
1.8B
Average Volume 10 Days
64.6K
EPS TTM
€0.38
Shares Outstanding
77.1M
EX-Date
06/24/15
P/E TM
60.1x
Dividend
€0.15
Dividend Yield
0.45%
Current Stock Chart for TITAN CEMENT CO. S.A. (TITK)

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titan cement co. s.a. (TITK) Details

Titan Cement Company S.A. engages in the production, trade, and distribution of a range of construction materials worldwide. The company offers cement and cementitious materials, ready-mix concrete, cement blocks, dry mortars, and fly ash, as well as aggregates, such as sand, gravel, crushed stone, and recycled concrete for use in construction. It is also involved in the shipping, trading, and port activities; production and trade of electricity; import and distribution of cement; ownership/development of real estate properties; sale of fly ash processing equipment; and provision of financial, real estate brokerage, transportation, and insurance services. Titan Cement Company S.A. was founded in 1902 and is headquartered in Athens, Greece.

5,223 Employees
Last Reported Date: 03/5/15
Founded in 1902

titan cement co. s.a. (TITK) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

titan cement co. s.a. (TITK) Key Developments

Titan Cement Company S.A. Announces Group Earnings Results for the Fourth Quarter and Full Year and Parent Company Earnings Results for the Full Year of 2014; Provides Financial Guidance for the Full Year of 2015

Titan Cement Company S.A. announced group earnings results for the fourth quarter and full year and parent company earnings results for the full year of 2014. For the quarter, on group basis, the company reported turnover of EUR 292.7 million compared to EUR 276.1 million a year ago. EBITDA was EUR 34.9 million compared to EUR 39.9 million a year ago. Pre tax loss was EUR 0.6 million compared to EUR 7.3 million a year ago. Net profit after taxes and minority interest was EUR 0.4 million compared to net loss after taxes and minority interest of EUR 21.5 million a year ago. For the year, on group basis, the company reported turnover of EUR 1,158.4 million compared to EUR 1,127.9 million a year ago. EBITDA was EUR 181.6 million compared to EUR 186.4 million a year ago. Pre tax profit was EUR 46.8 million compared to pre tax loss of EUR 9.4 million a year ago. Net profit after taxes and minority interest was EUR 30.9 million compared to net loss after taxes and minority interest of EUR 36.1 million a year ago. In 2014, the group generated EUR 90 million in free cash flow compared to EUR 136 million in 2013. Net debt at the end of the year stood at EUR 541 million compared to EUR 509 million at the end of 2013, reflecting the step-up in capital expenditure and increased working capital requirements in growing markets. Group net debt is less than half of what it was in the beginning of 2009. Group capital expenditure in 2014, excluding acquisitions and intangible assets, stood at EUR 80 million, considerably higher than the limited amounts recorded in previous years and by EUR 33 million greater than in 2013. The increase is primarily due to investments in Egypt and the USA. Turnover at the company in 2014 grew by 12.5% to EUR 264 million while EBITDA stood at EUR 31 million compared to EUR 11 million in 2013. The company's net profit after the provision for taxes (NPAT) reached EUR 92 million (versus a EUR 43 million loss in 2013), mostly due to EUR 112 million of dividends received from international subsidiaries. Thus, profit for the year 2014 exceeded the losses of EUR 51 million accumulated over the previous years. The outlook for the Group in 2015 is positive, despite significant uncertainties and challenges. This reserved optimism can be attributed to the expectation of improved operating results from the Group's two most important markets: the USA and Egypt.

Titan Cement Company S.A. Reports Group Earnings Results for the Third Quarter and Nine Months and Parent Earnings Results for the Nine Months Ended September 2014

Titan Cement S.A. reported group and parent earnings results for the third quarter and nine months ended September 2014. For the quarter on group basis, the company reported turnover of EUR 308.5 million against EUR 301.9 million a year ago. EBITDA was EUR 57.7 million against EUR 58.2 million a year ago. Profit before tax was EUR 40.7 million against EUR 10.3 million a year ago. Net profit after minority interests and the provision for taxes was EUR 27.6 million against EUR 7.2 million a year ago. For nine months on group basis, the company reported turnover of EUR 879.7 million against EUR 851.8 million a year ago. EBITDA was EUR 146.7 million against EUR 146.5 million a year ago. Profit before tax was EUR 47.4 million against loss before tax of EUR 2.1 million a year ago. Net profit after minority interests and the provision for taxes was EUR 30.5 million against net loss of EUR 14.6 million a year ago. Group net debt as at the end of September 2014, stood at EUR 529 million, EUR 34 million lower than the corresponding period the previous year and EUR 20 million higher than the beginning of 2014, impacted by seasonality. Roughly 40% of gross Group debt is in the form of bonds, and the remainder from Greek and international banks in various countries. Capital expenditure in the nine month period reached EUR 47 million versus EUR 29 million the previous year, mostly directed to Egypt and the USA. For nine months on parent basis, the company reported turnover for the company grew by 8% reaching EUR 197 million, while EBITDA reached EUR 23 million versus EUR 10 million in the same period the previous year. Net profit came in at EUR 6 million versus a EUR 32 million loss in the same period in 2013.

Three Companies Eye Kovin Coal Mine

Coal mine In Kovin with underground exploitation of coal in Kovin have been put on the privatization list of 502 companies. Titan Cement Company S.A. (ATSE:TITK) (Greek Titan), Chinese-Russian consortium with several firms and the brick factory from Kovin are keen to acquire the mine. The mine expects to be bought by the company which has a possibility of bigger investments. It is clear that a partner who is ready to invest would be suitable, because there is the new deposit where there are reserves for exploitation for 25 years-the Director of the company from Kovin, Ivica Zarkov said.

 

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Industry Analysis

TITK

Industry Average

Valuation TITK Industry Range
Price/Earnings 53.7x
Price/Sales 1.4x
Price/Book 1.1x
Price/Cash Flow 11.4x
TEV/Sales 0.5x
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