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Metlen Energy & Metals SA (MYTHF) maintains a unique position as an industrial leader combining green metallurgy with integrated energy solutions. This dedicated news hub provides investors and stakeholders with verified updates about corporate developments, operational milestones, and strategic initiatives.
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METLEN (MYTHY) reports strong 2024 financial results with record-high EBITDA of €1,080 million, up 7% from 2023. Turnover increased 3% to €5,683 million despite lower energy prices. Net Profit after minorities was €615 million with EPS of €4.46.
The company achieved significant milestones including an 11-year agreement with Rio Tinto for bauxite supply and alumina production expansion (+400,000 tons annually). The Energy Sector contributed 81% of total turnover with €4,572 million, while the Metals Sector generated €857 million.
METLEN's renewable energy portfolio expanded to 11.1 GW, with 1.4 GW of installed capacity. The company's global power production from renewable sources reached 1.6 TWhs, a 40% increase from 2023. A proposed dividend of €1.50 per share was announced, with Net Debt to EBITDA ratio at 1.7x.
METLEN Energy & Metals, formerly MYTILINEOS Energy & Metals, sponsored a spectacular lighting event for the Temple of Poseidon at Sounion on September 16, 2024. The event, attended by Prime Minister Kyriakos Mitsotakis and Minister of Culture Lina Mendoni, showcased the fusion of ancient heritage and modern art. Internationally acclaimed lighting designer Eleftheria Deko oversaw the project, which presented the monument's historical and architectural significance in a unique way. The evening concluded with a concert by composer Stavros Xarchakos, featuring the ERT Contemporary Music Orchestra and top artists.
METLEN Energy & Metals, listed on the Athens Stock Exchange (MYTHY), reported a consolidated turnover of €5.492 billion and EBITDA of €1.014 billion. The company is a leader in green metallurgy and energy solutions, operating in 40 countries across five continents.
Metlen Energy & Metals, formerly known as MYTILINEOS Energy & Metals, has unveiled a new corporate brand and image, emphasizing growth, innovation, and its global presence. This evolution was announced at the Annual General Meeting on June 4, 2024. The company, led by Chairman and CEO Evangelos Mytilineos, highlighted their commitment to reaching unprecedented heights for a Greek company. Metlen reported a consolidated turnover of €5.492 billion and EBITDA of €1.014 billion. The company is renowned for its integrated bauxite, alumina, and primary aluminum production and extensive involvement in thermal and renewable energy projects.
