Greek cement giant Titan is quietly becoming one of the most American-dependent industrial companies in Europe, and the ...

Greek cement giant Titan is quietly becoming one of the most American-dependent industrial companies in Europe, and the numbers are starting to show it. North America accounted for 48% of the group's EBITDA in the first quarter of 2026, a figure that reflects years of calculated moves by chairman Dimitris Papalexopoulos to shift the company's center of gravity westward. The strategy is working partly because the US economy has offered a buffer that European and Eastern Mediterranean markets simply haven't. When tensions across the Middle East escalated earlier this year, Titan absorbed the impact with far less damage than competitors more exposed to the region. The group made three acquisitions in 2026 alone, picking up assets in Turkey, France, and the United States. Markets expect those deals to start generating returns in the second half of this year, with the full benefit kicking in through 2027. Titan has set aggressive targets for 2029: 4 billion euros in sales, 1 billion in EBITDA, and net earnings of 5 to 6 euros per share. To signal confidence in that trajectory, the company declared a dividend of 1.10 euros per share, with the ex-dividend date set for July 1 and payment on July 7. The stock on Euronext Athens is up 35% over the past twelve months and sits within single-digit percentage points of its all-time high of 58.80 euros. Two options the market is watching: Titan could deploy its 4.5% treasury share reserve, and a potential equity placement in Titan America, the group's New York-listed subsidiary, has not been ruled out. Either move could add further upside to the share price if executed. Risks remain. Energy price volatility, trade disruptions, rising borrowing costs, and uncertainty across the Eastern Mediterranean are all factors that could slow momentum. But analysts consider the probability of a serious derailment to be low. #Titan #GreekBusiness #Greece