The turnover of TITAN Group reached record levels in 2021, as it amounted to 1,714.6 million euros. This is an increase of 6.7%, which reflects the higher demand and improved price levels in all regions.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell 4.6% to € 272.4 million due to unprecedented cost increases in the second half of the year.
Net profit after tax and minority interests (NPAT) increased to € 89.6 million (compared to € 1.1 million after one-off charges of € 63.9 million in 2020 and € 50.9 million in 2019) , mainly due to the successful refinancing of borrowing and the more favorable exchange rate fluctuations.
The Group focused on creating value for shareholders through the cancellation of treasury shares, the purchase of treasury shares as well as the return of capital of 0.50 euros per share.
Also in the production of cement, it applied digital technology and artificial intelligence systems, while it achieved a reduction of carbon footprint by 4% (special emissions Scope 1 & 2) contributing to the achievement of the Group’s goals by 2030. Finally it applied TCFD and received CDDP recognition one of the leading companies in tackling climate change (A-).
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
RES: Large Companies Buying PPAs in Greece
Power Purchase Agreements (PPAs) are long-term contracts between renewable energy producers and large corporations seeking to secure electricity at stable prices in a sustainable manner.
School Closures, Ships Docked Amid Bad Weather in Greece
Severe weather in Greece causes school closures and sailing bans. Strong winds, snowfall, and icy conditions disrupt daily life and travel on Tuesday.
Greece to Proceed with Issuance of 10-Year Bond
Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.
Labor Shortage in Greece: Vacant Job Positions Costing the Economy Millions
Data show that specific sectors are facing particular challenges in filling job positions, with the primary sector struggling to find working hands.
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
