Titan will report its 4Q/FY2013 results today

Titan (Results 12M 2013): Titan will report its 4Q/FY2013 results today after the bell.  For the 12M period consensus estimates call for sales of €294.2m increased by 3.7% on the back of strength in the US market that will offset weakness in the Balkans. 

EBITDA should reach EUR 189.7m decreased by -3.1% on the back of strength in the US that will partly offset weakness and reduced margins in the other regions. Finally, the Group may record Net Losses of –EUR 18.3m vs. losses of €24.5m the year ago period. 

Following the announcement of the results the management will host a conference call with financial analysts at 18:00pm Athens time, 16:00 pm London time, and 11:00 am New York time. 

Conference call details: Greek participants +30 211 180 2000, US participants +1 866 288 9315, UK participants +44 (0) 800 376 9250, Other Intl’ participants +44 (0) 203 0595872

Titan	Estimates  12M 2013
In thous. euro	2012	2013	Δ
Sales	1,130,660	1,182,529	4.6%
Q4	283,639	294,243	3.7%
EBITDA	195,838	189,660	-3.2%
(% Sales)	17.32%	16.04%	-128 bps
Q4	33,314	36,029	8.1%
(% Sales)	11.75%	12.24%	+50 bps
Net Income	-24,516	-18,295	25.4%
(% Sales)	-2.17%	-1.55%	+62 bps
Q4	-26,504	-3,743	85.9%
(% Sales)	-9.34%	-1.27%	+807 bps