REGIONAL
PERFORMANCE

An overview of performance in 2017 in each of our four main regional operations. We also report on the progress of our major joint ventures in Brazil and Turkey.

USA

TITAN is well positioned to grow in the market with a strong presence in expanding metropolitan areas and available capacity.

2017 Performance Highlights

Financial

Turnover

58% of Group
€873m
(2016: €794m)

EBITDA

68% of Group
€185m
(2016: €145m)

Total assets

38% of Group
€997m
(2016: €1,159m)

Non-Financial

Social

Lost Time Injuries Frequency Rate (LTIFR) for employees in 2017 (per million man hours)

2.47

(2016: 1.73)


Our operations meet country-specific regulations for health and safety


Total training hours

24,633

(2016: 16,647)

Environmental

Both our cement plants certified as Gold Level Zero Waste Facilities

Greece and Western Europe

In Greece, slightly improving macro‑economic factors have not yet spurred construction activity. Exports continue to partly offset weak domestic demand.

2017 Performance Highlights

Financial

Turnover

17% of Group
€249m
(2016: €261m)

EBITDA

7% of Group
€18m
(2016: €36m)

Total assets

22% of Group
€581m
(2016: €559m)

Non-Financial

Social

Lost Time Injuries Frequency Rate (LTIFR) for employees in 2017 (per million man hours)

0.93

(2016: 3.27)


All plants and installations are certified under OHSAS 18001


% of employees from the local community

89.54%

(2016: 98.14%)

Environmental

All cement plants and most of the installations related to our other activities are certified under ISO 14001

Southeastern Europe

The region continues to deliver stability, with the construction sector improving following several years of GDP growth.

2017 Performance Highlights

Financial

Turnover

15% of Group
€226m
(2016: €204m)

EBITDA

21% of Group
€57m
(2016: €56m)

Total assets

19% of Group
€482m
(2016: €489m)

Non-Financial

Social

Lost Time Injuries Frequency Rate (LTIFR) for employees in 2017 (per million man hours)

4.26

(2016: 1.98)


All plants and installations are certified under OHSAS 18001


% of employees from the local community

62.11%

(2016: 62.59%)

Environmental

All cement plants and most of the installations related to our other activities are certified under ISO 14001

Eastern Mediterranean

As the effects of currency devaluation are absorbed, supply-side factors create new headwinds, impacting the short-term potential of our operations in Egypt.

2017 Performance Highlights

Financial

Turnover

10% of Group
€158m
(2016: €249m)

EBITDA

5% of Group
€13m
(2016: €41m)

Total assets

15% of Group
€382m
(2016: €421m)

Non-Financial

Social

Lost Time Injuries Frequency Rate (LTIFR) for employees in 2017 (per million man hours)

1.63

(2016: 0.91)


All plants and installations are certified under OHSAS 18001


% of employees from the local community

81.55%

(2016: 86%)

Environmental

All cement plants and most of the installations related to our other activities are certified under ISO 14001

Joint ventures

Improved operational performance in our Joint Ventures in Turkey and Brazil.

Read more on the performance of our joint ventures in the pdf, below.