Distribution of value created by TITAN Group in 2011
Total value created in 2011 was €1026.6 million and distributed to key stakeholders as follows:
- To employees for salaries, pensions and social benefits, including additional benefits beyond those provided by law: €218.1 million
- To local and international suppliers: €642.9 million
- For new investments in fixed assets: €58.1 million
- To state and local authorities through taxation: €82.6 million
- Return to shareholders and minorities: €24.9 million
With a view to share know-how, experience and human resources, for the benefit of young people who face long-term unemployment, the TITAN Group has focused on maintaining on-going interaction with the academic community, which, in turn, ensures that the Group is in constant contact with potential recruits. This also facilitates the Group in its attempt to assist students in making a smooth transition into the labor market. To this end, activities that have been proved a successful practice the last few years have continued and expanded.