Its sales amounted to 1.985 billion euros TITAN Group in the nine months of 2024 increased by 4.9%, with all geographic sectors recording an increase, thanks to increased sales volumes of basic products and improved price levels, according to a related announcement.

EBITDA earnings for the nine months rose 14.6% to €455m on a like-for-like basis, adjusted for non-recurring costs of €18m, including €8m in the third quarter. Profit margins increased as a result of enhanced operational efficiency, an improved energy mix and reduced fuel costs.

Group EBITDA profits for the third quarter amounted to €164 million, up 5% on a comparable basis. Strong contribution from Titan America, which posted 2% sales growth and 10% EBITDA earnings growth, despite adverse weather conditions.

Net profit rose 20% in the nine months of 2024 to €238m on a like-for-like basis and earnings per share for the same period stood at €3.19.

Investment costs were maintained at high levels and amounted to 181 million euros. In the framework of the Green Development Strategy 2026, the Group signed in September a contract for a Basic Design Study (FEED) for the IFESTOS carbon dioxide capture project in Greece.

Also, the Group has agreed to date the acquisitions of 3 aggregate quarries, 1 clay quarry and 1 ready-mix concrete unit.

It is noted that the process of listing Titan America’s activities on the New York Stock Exchange is proceeding according to schedule. Important stages have been completed while the goal is to complete the process and introduce in the first quarter of 2025.