Latest news with #TTCIF
Business Insider
26-05-2025
- Business
- Business Insider
Kepler Capital Sticks to Their Buy Rating for Titan Cement International N.V. (TTCIF)
Kepler Capital analyst Auguste Deryckx Lienart maintained a Buy rating on Titan Cement International N.V. (TTCIF – Research Report) on May 22 and set a price target of €53.00. The company's shares closed last Friday at $45.99. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The word on The Street in general, suggests a Hold analyst consensus rating for Titan Cement International N.V.. TTCIF market cap is currently $3.49B and has a P/E ratio of 11.07. Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock.
Yahoo
09-05-2025
- Business
- Yahoo
Titan Cement International SA (TTCIF) Q1 2025 Earnings Call Highlights: Strong Sales Growth ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Titan Cement International SA (TTCIF) reported a solid start to 2025 with sales growth nearing 12%, driven by strong performance in the US, Greece, and a turnaround in Egypt. The company's debt leverage reached a record low of 0.5 times, providing flexibility in capital allocation decisions. Titan Cement International SA (TTCIF) completed the IPO of Titan America on the New York Stock Exchange, positively impacting debt leverage. Investments in logistics, alternative fuels, and maintenance have improved cost performance, partially offsetting adverse weather impacts. The company is experiencing growth in aggregates and ready-mix volumes, with aggregates growing by 18% and ready-mix by 6%. Net profit after taxes and minorities decreased by 8.7 million due to increased minority income in Titan America and higher taxes. Adverse weather conditions negatively impacted cement sales volumes in the US and Southeast Europe. Higher depreciation expenses and hyperinflation costs from Turkey affected pre-tax profit growth. The company faces macroeconomic uncertainty and soft demand in the US residential construction sector due to higher interest rates. Increased finance costs and income tax rates were partly attributed to hyperinflation and improved performance in Egypt. Q: Can you discuss the rationale for the sale of the eastern Turkish plant and its impact on revenue and profitability? Also, should we expect a similar year-on-year drop in Southeast Europe for the rest of the year? A: The divestment in eastern Turkey was due to its peripheral position in our traditional markets. We are maintaining our presence in western Turkey, which complements our other positions. The sale will reduce annual sales by about 80 million and EBITDA by 15-20 million. In Southeast Europe, adverse weather impacted Q1, but we expect demand drivers to renew, supported by infrastructure projects and EU integration efforts. Q: With the financial strength from the US IPO and upcoming investments, are you considering major acquisitions? In which regions? Also, will infrastructure spending offset the moderate performance in the US residential sector? A: We are exploring market opportunities for both organic and inorganic investments, focusing on the US and Europe. Infrastructure and commercial projects in the US are expected to offset residential sector weaknesses, with a mid-single-digit revenue growth and modest EBITDA improvement anticipated for 2025. Q: How much of the margin expansion at the group level comes from operational efficiencies versus resilient pricing? Also, can you provide more details on the competition in Southwestern Europe? A: Margin expansion is driven by a mix of market dynamics, with operational efficiencies and resilient pricing contributing. In Southwestern Europe, competition remains stable, with no major imbalances. Our focus is on cost efficiencies and new product offerings to maintain competitiveness. Q: Do you see any negative impact from the US tariffs on your exports, and what is your CapEx estimate for 2025? A: No immediate impact from US tariffs is visible, and we expect resilient pricing in the market. Our CapEx plan remains over 250 million, with potential adjustments based on project timelines and economic conditions. Q: What are the key pricing and volume trends in April and May, particularly in the US and Balkans? Do you still expect around 300 million CapEx this year? A: Pricing remains resilient, with scheduled increases in the coming quarters. CapEx is expected to be over 250 million, though not reaching 300 million, depending on project shifts and economic conditions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
