ΤΙΤC- ανακοινώνει σήμερα το 2Q20: Τι περιμένουν οι αναλυτές της Βeta Sec

Titan Cement International (H1:20 results preview): Titan Cement International will announce its 2Q/1H 2020 results today after market hours. Recall that the company announced 5M trading update on July 25. During the 5M period lower fuel costs, along with increased pricing in specific markets and strength of the USD, more than offset the decreased demand in specific geographies;

  • as a result, the Group indicated that during the 5M period sales came in at €641.8m marginally decreased by 2.1% y-o-y, while EBITDA was shaped at €97.3mn, up 5.5% y-o-y. We expect sequentially further improvements in the 6M figures as weak areas (i.e Egypt and Greece) are in better shape vs. 2019 on reduced fuel costs while US continues to support with satisfactory volumes consolidated results. The following table summarize consensus estimates: 

ΤΙΤΑΝ

2019

2020

Y-o-Y

2019

2020

Y-o-Y

EUR thous.

Η1

Η1 Est

(%)

Q2

Q2 Est.

(%)

Sales

785,439

786,000

0.1% 

422,735 

401,237 

-5.1% 

EBITDA

122,179

132,000

8.0% 

77,836 

91,433 

17.5% 

EBITDA Mrg

15.6% 

16.8% 

+124 bps 

18.4% 

22.8% 

+438 bps 

Net Income

13,138

17,500

33.2% 

20,478 

33,795 

65.0% 

Net Mrg

1.7% 

2.2% 

+55 bps 

4.8% 

8.4%  

+358 bps 

Management will host a conference call with investors and financial analysts tomorrow at 16:30 Greek time 

CC details:

§  Greek participants: +30 213 009 6000 or +30 211 180 2000

§  UK participants: +44 (0) 800 368 1063

§  USA participants: +1 516 447 5632

§  Other International participants +44 (0) 203 059 5872