Q2 2026 Titan SA Earnings Call Transcript

Jul 30, 2026 / 01:00 PM GMT

Release Date Price: €52 (-0.67%)

Transcript

Key Points

Positve

Sales increased 6.9% to EUR1.42 billion, driven by higher volumes and improved pricing across most markets.
EBITDA grew 8.7% to EUR312 million, with margin expansion of 40 basis points despite higher energy costs.
Recent acquisitions contributed EUR13 million in EBITDA in the first half, with integration progressing ahead of plan.
Project Prime delivered EUR20 million in cost savings in H1, on track to exceed EUR50 million for the full year.
Upgraded 2026 guidance expects high single-digit sales growth and over-proportional EBITDA growth with further margin expansion.

Negative

U.S. operations faced temporary headwinds from an extended plant outage and import disruptions due to port congestion in the Mediterranean.
Higher energy costs from geopolitical developments in the Middle East pressured margins, offset by cost initiatives.
Consolidation of recent acquisitions temporarily diluted group margins, though expected to improve over time.
Alternative cementitious material volumes were temporarily affected by a shutdown of a Pozzolan facility for upgrades.
Net debt rose to EUR877 million due to EUR700 million in acquisition spending, increasing leverage to 1.4 times EBITDA.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TITC.BR - Titan SA
Q2 2026 Titan SA Earnings Call
Jul 30, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for holding. The conference will begin shortly.

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Unidentified_2 [2]
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Ladies and gentlemen, thank you for standing by. I am Maria, your chorus call operator. Welcome and thank you for joining the Titan Group conference call and live webcast to present and discuss the first half 2026 results.

Please note, this call and presentation is intended for analysts and investors only.

All participants will be in a listen-only mode and the conference is being recorded.

The presentation will be followed by a question-and-answer

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