Greece: Titan recorded sales of €1.42bn in the first half of 2026, representing an increase of 7% year-on-year, which is attributed to higher sales in all regions supported by overall increased volumes in its core products. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 9% to €312m. Cement sales volumes reached 9.5Mt, up by 7% year-on-year.
For the second quarter of 2026, it reported sales of €784m, up by 14% year-on-year, and earnings before interest, taxation, depreciation and amortisation (EBITDA) of €174m, up by 4% year-on-year. It said that this was supported by a strong performance in June 2026 and balanced growth contributions.
In the US, performance remained strong despite mixed local market conditions, as softer demand in Florida was offset by robust activity in the Mid-Atlantic. In Greece, growth continued, driven by increased demand across all product categories. In Western Europe, the group faced a ‘challenging’ construction market across most countries. Southeastern Europe saw strong performance and so did the Eastern Mediterranean region, including Egypt and Türkiye.
John Ioannou, Group CFO, said “The group delivered a very strong financial performance in the first half of 2026, driven by disciplined execution, the earlier than expected financial contribution from the acquisitions and a continuous focus on profitability and cash generation. Performance was further supported by the successful launch of PRIME, the group’s cost optimisation and self-help initiative, which has helped offset inflationary and geopolitical cost pressures, while reinforcing operational efficiency. We maintain a strong financial position, supported by the successful bond issuance, which enhanced our acquisition capacity while preserving a solid balance sheet and comfortable leverage levels. Our strong first-half performance positions us well in delivering another year of strong profitability growth.”