Below are the financial statements of Titan SA, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of EUR | 2024 | 2023 |
|---|---|---|
| Sales | 2,644.04a | 2,546.97a |
| Cost of sales | -1,942.19a | -1,905.12a |
| Gross profit | 701.85a | 641.85a |
| Other operating income | 11.27a | 8.61a |
| Administrative expenses | -257.42a | -214.89a |
| Selling and marketing expenses | -40.01a | -36.2a |
| Net impairment losses on financial assets | -0.38a | -5.49a |
| Other operating expenses | -1.8a | -5.44a |
| Profit before impairment losses on goodwill, net finance costs and taxes | 414.28a | 388.44a |
| Impairment losses on goodwill | -17a | -0.11a |
| Gain on net monetary position in hyperinflationary economies | 8.29a | 18.69a |
| Finance income | 10.15a | 5.67a |
| Finance expenses | -46.51a | -48a |
| Loss from foreign exchange differences | -1.63a | -27.59a |
| Net finance costs | -29.69a | -51.23a |
| Share of profit of associates and joint ventures | 7.99a | 2.59a |
| Profit before taxes | 375.57a | 339.69a |
| Income taxes | -85.32a | -67.09a |
| Profit after taxes | 290.26a | 272.59a |
| Attributable to: | — | — |
| Equity holders of the parent | 289.16a | 268.64a |
| Non-controlling interests | 1.1a | 3.96a |
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