Greece: Titan Cement reported a ‘positive start to the year’, having recorded sales of €638m in the first quarter of 2025, up by 2% year-on-year. Aggregates sales rose by 18% and ready-mix concrete saw an increase of 6%, while cement volumes remained flat year-on-year. The company said that the impact of severe weather conditions in both the US and Southeast Europe weighed on sales volumes in these regions, however, the strong performance in Greece, as well as the significant rise in cement exports from Egypt, mitigated those effects.
It reported an earnings before interest, taxation, depreciation and amortisation (EBITDA) of €123m, an increase of 12% year-on-year. Profit before tax increased by 3% to €66.6m. Titan is ‘cautiously optimistic’ for the remainder of the year, despite global uncertainties.
