European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank92

Belgium · Basic Materials

Titan

Building-materials producer whose principal products and activities in Greece and Western Europe include cement, ready-mix concrete, aggregates and dry mortars.

+17%revenue growth
FY2022–FY2025
+116%net-income growth
FY2022–FY2025
+405%stock return
FY2022–FY2025
−2%2026 stock return
current context only

Company profile

Materials, ownership boundaries and the technology inside cement

TITAN is the Belgium-registered parent of a building- and infrastructure-materials group whose operations run from quarries and cement kilns to ready-mix plants, terminals, concrete blocks, fly-ash processing and customer services. Its footprint spans the United States, Greece and Western Europe, Southeastern Europe and the Eastern Mediterranean, with joint ventures in Brazil and India. The distinctive thread is how this physical network is being changed by engineered products, industrial artificial intelligence and lower-carbon process technology.

Products and projects

Engineer the binder, then see where it performs

At group level the chain covers cement, ready-mix concrete, aggregates and adjacent materials. Operating businesses make the range tangible: the separately listed controlled Titan America turns fly ash into ProAsh for concrete, while TITAN Greece combines cement and INTERMIX dry mortars with INTERBETON ready-mix and aggregates. Project pages show why formulation matters: TITAN produced special cements for the underwater section, pylons and deck of the Rion–Antirion Bridge; at Athens International Airport it was the exclusive cement provider for the runway construction project and had a 50% participation in the infrastructure of the remaining buildings.

Footprint and ownership

Read the operating map with its legal boundaries

TITAN reports four operating regions, but the perimeter is not one flat list of wholly owned sites. Titan America is a separately NYSE-listed controlled subsidiary whose 2025 filing says Titan SA held about 87% of voting power. Brazil’s Cimento Apodi is jointly owned and controlled 50/50 by the Dias Branco Group and a TITAN/Sarkis vehicle that TITAN said it owned 94%. In India, TITAN describes Atlas EcoSolutions as a joint venture with JAYCEE in which it took a majority stake; that wording does not by itself establish the accounting treatment.

Industrial artificial intelligence

Let sensors and algorithms work beside the kiln crew

TITAN’s real-time optimisers use plant-sensor data to adjust production, while predictive systems identify equipment anomalies and digital tools extend into logistics and customer interactions. CemAI is a group affiliate providing predictive-maintenance software, continuous monitoring and incident-resolution services to cement producers. In 2022, Titan America said it had implemented AI and machine-learning applications at its two cement plants, describing their digital transformation as end-to-end; its South Florida innovation hub extends work on materials, construction technology and resilience.

Lower-carbon materials

Change fuels and binders while testing new process routes

TITAN’s roadmap combines lower-clinker binders, supplementary materials, alternative fuels, energy efficiency and carbon capture. As of TITAN’s June 2026 corporate presentation, IFESTOS at Kamari was progressing through the development stage; the project is designed to capture about 1.9 million tonnes of carbon dioxide a year and enable about three million tonnes of zero-carbon cement using oxyfuel and cryogenic technologies. Those are project aims, not current output. A 2026 partnership with CURA begins with laboratory validation of electrochemical limestone splitting before any possible pilot.

Current 2026 update

What has changed in 2026?

Q1 2026 · 7 May 2026

Q1 2026latest official update
4company-specific highlights
−2%2026 stock return · context only

Sales

Reported Q1 sales decreased 0.4% to EUR 636.1 million, although like-for-like sales increased 4.7%.

Q1 2026 · EUR 636.1m · -0.4%

EBITDA

Reported Q1 EBITDA increased 12.4% to EUR 137.8 million.

Q1 2026 · EUR 137.8m · +12.4%

Profit

Reported Q1 net profit after taxes and minorities increased 46.7% to EUR 64.1 million; adjusted like-for-like profit increased 29.0%.

Q1 2026 · EUR 64.1m · +46.7%

Net debt

Net debt increased to EUR 676 million at 31 March 2026 from EUR 214 million at year-end 2025 following recent acquisitions.

Net debt at 31 March 2026 · EUR 676m · +215.9%

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202592+17%+116%+405%