Titan Cement reported its 2020 full-year results. The company's net profit for this period decreased by 97 % compared to 2019, down to EUR 1.5 million. Revenue for 12 months of 2020 decreased by 0.2 %, down to EUR 1.61 billion.
EBITDA increased by 7.1 % to EUR 286.2 million. Debt obligations of Titan Cement at the end of 2020 decreased by 18.5 %, compared to the previous year, down to EUR 684.4 million.
The best financial performance was demonstrated by enterprises in Egypt and Turkey. At the end of 2020, the holding's revenue in the region grew 1 % YoY, amounting to EUR 151.7 million.
