‘Day of liberation of the USA“Against Donald Trump was yesterday’s (2.4.2025), with European businessmen – key shareholders in” burning charcoal “.
The only representative – from the Greek industry – in Wall Street (USA) is Titan America, a subsidiary of the Titan Cement International Group with an interesting brokerage presence this time.
The range of fluctuations is $ 12.97- $ 13.50, the high year of $ 17.78, with $ 430.38 mm shares and with a TTAM-NYSE code having reached $ 2.44 billion when the EURONEXT is not € 35. An indication that a business size in the European market is much smaller than in the US, in this case on Wall Street.
Also interesting is the route of the historic Greek cement industry on the other side of the Atlantic, since in 1985 the first export of Greek cement to the US. Within three years, TITAN has been constructing distribution station at Newark Port in New Jersey (Port Newark, New Jersey).
Energy/decision station on the extrovert presence in international markets, which after 40 years was to emerge as the most host of “Greek colors” in the world’s largest economy.
In 2024 it was a milestone year for TITAN America, as despite adverse weather conditions- in the eastern states- the US market was the feeder of most of the (consolidated) results. Sales of cement (of the group) increased by 2% to 17.8 million tonnes. All exports were channeled to TCI import stations, mainly to Titan America in the US, and compared to the previous year, exports to the Group’s European stations in France, the United Kingdom and Italy were reduced.
Which demonstrates the slowdown and construction activity in the main markets/economies of the eurozone.
The growth of the US subsidiary is steadily rising, indicative of the sizes of the 2013 – 2023 period. From $ 539 million to more than $ 1.6 billion (11% CAGR), with a net profit of $ 65.4 million to $ 155.2 million and EBITDA customized EBITDA from $ 36 million. Growing up and even exponential from 2021 onwards, resulting in a size capable of raising Iro (for just 15% of the subsidiary of the subsidiary) of nearly $ 400 million.
In essence, the management of Titan America will probably have greater room for US market growth than a corresponding one in Europe, as well as the easier investment/stock market, exploiting the significant incentives (mainly tax/financial) provided by the Central Administration. In addition, the states where the subsidiary operates have additional two advantages, are republicans friendly and with a growth rate (thus cement, building materials) multiple.