Integrated Report 2013
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Copyright TITAN Group
Terms of use
TITAN Group products provide the materials to build structures and infrastructures which, in turn, provide shelter, enable commerce and foster connectivity. Our enduring commitment to quality ensures the safety, durability and resource efficiency of our products and services.
Our vision is to be one of the most economically, environmentally and socially responsible providers of construction materials.
Cement is a binding substance and the main component in ready-mix concrete.
Ready-mix concrete is made from cement, aggregates and water to produce a durable product that can be set in a variety of formats.
Aggregates are coarse materials such as sand, gravel, crushed stone and recycled concrete used in construction.
TITAN Group owns cement plants in nine countries and is organized into four geographic regions: the U.S.A., Greece and Western Europe, Southeastern Europe and the Eastern Mediterranean. From this base we sell products to 36 different countries.
No. employees
1,731
Turnover €m
411.0
EBITDA €m
32.1
No. employees
1,125
Turnover €m
249.8
EBITDA €m
13.9
No. employees
1,584
Turnover €m
215.5
EBITDA €m
62.7
No. employees
1,015
Turnover €m
299.7
EBITDA €m
87.3
From the quarrying of raw materials to the distribution of finished products, TITAN provides a complete solution for its customers. In doing so, the Group generates value for a wide range of stakeholders.
High quality of products and services to customers
Stable and secure long-term employment
Concrete structures for society
Financial benefits to stakeholders
To employees
202.1 million euros
For capital expenditures
50.4 million euros
To local and international suppliers
781.4 million euros
For enviromental expenditures
24.6 million euros
For taxes to state and local authorities
65.8 million euros
Return to shareholders and minorities
2.3 million euros
TITAN Group now presents financial and non-financial performance data together. This reflects how we measure our own success. It also helps users of the report gain a more complete understanding of the business.
With the market recovery well underway, turnover and profitability continue to grow. The U.S.A. now accounts for over a third of Group turnover and a rapidly increasing share of operating profitability.
35%
16%
Historically low demand in the construction sector continues to have a significant impact on turnover and profitability. However, signs suggest that the bottom of the market has been reached.
21%
7%
Despite slight growth across the economies of Southeastern Europe, construction activity remains stable at relatively low levels, affected by Eurozone uncertainties.
18%
32%
Despite political uncertainty in both Egypt and Turkey, demand for building materials remained resilient. As a result, turnover was up, although operating profit declined.
26%
45%
Here at TITAN, we want to ensure that our reporting meets your needs and expectations. Perhaps there's some information we could add, or an area where you would like more details or greater clarity.
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TITAN CEMENT GROUP
22Α Ηalkidos Str.
P.O. 111 43, Αthens, Greece
Investor Relations: ir@titan.gr
Corporate and Social Responsibility: csr@titan.gr
Tel: +30 210 2591 111
Fax: +30 210 2591 205
TITAN GROUP
Address: 22Α Ηalkidos Str.
P.O. 111 43, Αthens, Greece
Tel: +30 210 2591 111
Fax: +30 210 2591 205
Investor Relations: ir@titan.gr
Corporate Social Responsibility: csr@titan.gr
Help us to give you a better Annual Report in future by completing our survey .
Close Close“TITAN CEMENT GROUP” (hereafter “COMPANY”) has created the website www.titan.gr to offer information and services to its users.
The use of the website www.titan.gr is subject to the present terms and conditions, which users are requested to read carefully and to conform to. The use of the website www.titan.gr implies the unconditional acceptance of the preset term and conditions.
The COMPANY may, for any reason and without prior notice, change these Terms and Conditions. The continuing use of this website by users after the effective date of any changes in the Terms and Conditions will be conceived as acceptance of such changes by the users.
1. DISCLAIMER OF RESPONSIBILITY
1.1. In any case the COMPANY has no responsibility in any case towards anyone or for any direct, or indirect, subsequent, direct or consequential damages of any kind, including personality impairment , deriving from or as a result of this website or from any use of it or from any other website or any other source linked to this website, reference, or possibility of access through the current website, or for the use, download or possibility of access to any data, information, products or services, including as an example and not exhaustively, any loss of income, loss of software programs or data, even in the case where the COMPANY has been explicitly warned for the possibility of such damage.
1.2. The COMPANY does not guarantee, directly or indirectly, that the website’s context will be at all times up to date, secure, with no errors, will meet the users demands and that the results, which will emerge from its use will be reliable, accurate and with no errors.
1.3. As a result of ongoing developments, the information contained in this website may not always be up to date and for this reason, information is provided on an “AS IS” and “AS RELEASED” basis. The use of information received or saved by or through this website relies exclusively on the judgment of the user and is his/her responsibility. The user accepts that he/she must evaluate the contents and that he/she is responsible for any risk that may be induced by the use of any contents.
1.4 The content of this website does not provide advice and it does not make any recommendations nor must it be considered as a suggestion for any decision or action, invitation for investment or generally for participation in shares or other securities of the COMPANY.
2. REPRODUCTION DISCLAIMER
2.1. The copyrights of this website’s content, including, without limitation, all documents, files, texts, images, graphics, attachments and the code included in it as well as the website’s general depiction, constitute trademarks of the COMPANY unless stated otherwise, and are protected by the relevant provisions of Greek EU or/and international law.
2.2. All product names mentioned in this website constitute trademarks of the COMPANY, except for trademarks indicated as owned by other companies.
2.3. The COMPANY authorizes users to copy and print abstracts or documents from this website (except for contents owned by a third party and defined as such) for non-commercial use on their side, given that any copy or abstract of such documents or pages obtained maintain all the copyrights or other ownership releases and any disclaimer included in such. All logos and trademarks of the COMPANY may not be used or reproduced without the prior written consent of the COMPANY.
3. RIGHT FOR USE OF INFORMATION PROVIDED BY USERS
All information provided to the COMPANY by the users of this website (including, but not exclusively, personal data, know-how, comments, ideas, questions, techniques, abstracts or other relevant data) is not considered confidential. The COMPANY may disclose, copy and use all or part of such information for any purpose without limitation.
4. WEBSITES AND CONTENTS OF THIRD PARTIES
4.1. Some of the contents of this website may be owned by third parties (i.e. articles, data or abstracts) or there may be hyperlinks that lead to websites owned by third parties, which have full responsibility (civil or penal) for the security, legality or reliability of their website contents and services, exclusive of any liability from the COMPANY.
4.2. The COMPANY cannot guarantee that users of this website have any right to use the contents owned by third parties and which are available on this website. Users must obtain the permission from the third party prior to the use or saving of such contents. The contents protected by copyrights cannot be altered nor can any author notice or copyright notice that appear in such, without obtaining the necessary consents in advance.
4.3. The COMPANY provides such links for the convenience of its website users. The COMPANY has no control on the websites owned by third parties or their contents, which can be accessed through this website or are available in it, and thus the COMPANY does not support, finance, advise or in any event accept any responsibility for such websites or their contents.
5. SOFTWARE TRANSFERS
The use of software downloaded by this website is subject exclusively to the judgment and evaluation of possible risks by the user, who must reassure that the software he/she downloads from this website to his/her personal computer is compatible with the computer and does not contain viruses.
6. CHANGES ON THE WEBSITE
The COMPANY reserves the right to change or withdraw any part or the whole website at any time without prior notice. Any changes will be effective from the following time the user visits the website. Users of this website are not entitled to any indemnification due to the inability to use services offered by the website.
7. CONFIDENTIALITY POLICY
The COMPANY considers the safety of its website users’ personal data very important and is responsible for the safeguarding of the confidentiality of all personal information provided to it.
The confidentiality policy defines the principles that regulate the use of personal data received. Whoever uses this website or is registered as a user of the services provided by the COMPANY agrees with this use.
Users are requested to carefully read the confidentiality policy. The confidentiality policy may change from time to time. Therefore we ask that it is regularly reviewed in order to reassure that users are aware of the most recent edition applied each time they visit the website.
7.1. DESCRIPTION OF COLLECTED INFORMATION
7.1.1. Total Information: Jointly with many commercial organizations, information is gathered for the monitoring of this website’s use. During this procedure, recognizable personal data ARE NOT gathered. Normally, information regarding the number of visitors and the initial sector name of the Internet Service Provider is collected. This information is used to understand the use implemented by the website’s visitor and may be shared with other companies and other third parties.
7.1.2. Personal Data: In cases where registration is requested in order to provide access to a specific content in the website, an on-line registration form is filled up (i.e. to receive newsletters via e-mail), which included personal information such as name, address, email, country and other information that is voluntarily submitted as part of the registration procedure. Users may request a modification of such communication information at any time through e-mails.
The management and protection of personal data of the user of this website are governed by these terms and conditions and the laws of Greece (L. 2472/1997 as currently in force, L. 3471/2006, Decisions and Directives of the Hellenic Personal Data Protection Authority). Such personal data are not to be disclosed to third parties (save as required by the Law and the Authorities), but their personal nature is safeguarded. This website maintains a Database with such data for communication and statistical purposes as well as purposes of improving its services provided.
Moreover, in case of “links” to other websites, this website shall not be liable for the terms of use and protection of personal data implemented by third parties.
In any event, the user of this website shall have the right of access and objection (including correction) relating to his/her personal data processed and recorded. For this purpose any interested person must send its request in writing to TITAN CEMENT COMPANY S.A. [Corporate Communication, Lydia Yiannakopoulou], 22Α, Halkidos Street 111 43, Αthens, [tel. 210 2591111 fax 210 2591285 ].
7.2. COMMUNICATION WITH TITAN CEMENT GROUP
At times, information may be distributed through e-mail or post as regards to products and services of the company and its business partners (i.e. information regarding latest news). If the user does not wish to receive such information, he/she can select not to by informing at any time via e-mail at yiannakopouloul@titan.gr
7.3. USE OF COOKIES
Cookies are small files sent by the website’s underlying software and are stored on the hard disk of the user’s computer. Some times cookies are created and transferred with the first registration on the website and are then used to specify the computer and the repeated access to the website without requiring a connection, thus accelerating the access to the website and information the user wishes to see. The majority of web browsers accept cookies, but a change in the browser’s setting may restrict the transfer.
7.4.CHILDREN
This website refers to an adult audience (as are investors and individuals seeking information regarding the Company). The COMPANY does not, and does not intend to gather information from or relevant to children.
8. USERS’ OBLIGATIONS
1. Your capacity as a user of this website is personal for yourself as an individual and thus you cannot share it with another individual. If you have been provided with a user name and / or an access code, you agree to guard such with safety as classified and you agree to (i) notify the COMPANY directly as soon as you detect any non-authorized disclosure or use of your personal user name and /or access code and (ii) you are responsible for any loss or damage that may arise from this non-authorized use or disclosure.
2. You are responsible for the provision of all equipment needed to access the website and for all relevant charges of third parties (i.e. telephone charges and charges of Internet service providers).
3. You agree to use this website only according to the present Terms. In the case where the un-authorized use of this website on your behalf results a damage to any individual, which subsequently takes legal action against the COMPANY, you agree to indemnify the COMPANY for all losses and /or damages that emerge from such a claim.
4. As a user of this website, you undertake:
4.1 to not act, during the use of this website, in your knowledge or involuntarily, contrary to any legal or regulative demands of any regulative authority that has jurisdiction on you or on any activity you undertake. To not use this website to make non-authorized efforts to access the COMPANY systems or networks of third parties.
4.2 to not use this website to conduct business activity or other activities or to contribute to activities that are prohibited by the law.
4.3 to not use this website to transfer any material that is compromising, offensive or threatening or which violates third parties’ rights, or that intends to provoke disruption, harassment or unnecessary concern to any third party, or to send messages that you know are false or to use this website for such purposes.
4.4 to directly inform the COMPANY regarding any claim or action of any kind against you for any use of this website and, following a request by the COMPANY, to immediately cease the action for which the charge was made, and
4.5 to directly inform the COMPANY regarding any changes that affect your registration data. It is your obligation to reassure that your registration data are up to date.
9. GENERAL
If any article of the above terms is considered as non-applicable, it will not affect the validity and enforcement of the remaining terms.
These Terms represent the overall agreement between every user and the COMPANY and governs the access and use of the website by users. These Terms prevail against any other written agreement between every user and the COMPANY in relation to the use of this website.
These Terms are regulated and interpreted according to Greek Law and any dispute arising hereunder shall in the first instance be decided by the Greek court.
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