Titan Group will report record sales 

and profits for another year in 2024, according to its current unaudited consolidated financial results, which it cites in a statement, ahead of the start of the roadshow for the public offering (IPO) of Titan America's shares in the US. 

According to the release, the strong 2024 results are the result of higher sales volumes across all core products, stable price levels, improved operating efficiencies, increased use of alternative fuels and lower solid fuel costs.

Sales for the year 2024 are expected to exceed EUR 2.64 billion, while earnings before interest, taxes, depreciation and amortisation (EBITDA) are expected to exceed EUR 585 million on a comparable basis or over EUR 570 million before restatement compared to EUR 540 million in 2023.

Group net profit is estimated to be in the range of EUR 300 million on a comparable basis or before revaluation of EUR 285 million. As a result, Earnings per Share are expected to be above EUR 3.8/share.

Net debt at the end of 2024 is expected to be below 630 million compared to 660 million in December 2023, while the leverage/net debt to EBITDA ratio is expected to decrease to approximately 1.1x. 

Titan Group will announce its audited financial results for the year 2024 on 27 March 2025 and is scheduled for i