METLEN Energy & Metals Reports Strong Growth in 2024

Author: Ryan Hughes Updated: 02-20-2025 04:42 AM

New Record-High EBITDA for METLEN

METLEN (RIC: MYTr.AT), a prominent player in the energy and metals sector, has reported incredibly robust financial results for the year 2024. The company achieved a record-high EBITDA of €1.08 billion, marking a significant 7% increase from the previous year.

Solid Turnover and Net Profit Growth

Turnover for METLEN reached €5.68 billion, up from €5.49 billion in 2023. This achievement comes despite the notable drop in energy and natural gas prices, showcasing the company's resilient business model.

Net profit after minorities was reported at €615 million, with earnings per share standing at €4.46, slightly down from €4.51 in 2023, reflecting the company's consistent performance amid fluctuating market conditions.

Proposed Dividend and Financial Policy

METLEN has proposed a dividend of €1.50 per share, which is expected to be adjusted upwards based on treasury shares by the ex-dividend date. The company's strategic focus has resulted in an adjusted net debt figure of €1.77 billion, underlining its commitment to adhere to sound financial policies amid ongoing capital expenditures.

Chairman's Remarks on Financial Performance

Comments from the Chairman and CEO, Evangelos Mytilineos, emphasized great pride in the company's performance, stating that the results reaffirm METLEN’s place at the forefront of the industry. The establishment of new projects in Bauxite, Alumina, and Gallium production represents the beginning of a transformative phase aimed at doubling the size of the business by 2028.

Company Growth and Future Outlook

2024 was characterized by significant milestones for METLEN, including major agreements and strategic expansions that solidify its market position. The company's continued international growth focuses on enhancing operational excellence while prioritizing sustainability.

Operational Updates: Energy Sector

In the energy sector, METLEN reported substantial growth in revenue, reflecting the success of its integrated approach to energy management. The company achieved a 16% market share in Greece, enhancing its offerings in renewable energy and traditional utility services.

Operational Updates: Metals Sector

For the metals sector, METLEN reported revenues of €857 million, contributing 15% to total turnover. Despite a slight decrease in overall revenues, EBITDA surged by 20%, showcasing the enduring strength of the business.

Frequently Asked Questions

What are METLEN's key financial figures for 2024?

METLEN reported a turnover of €5.68 billion and an EBITDA of €1.08 billion for 2024.

What dividend has METLEN proposed for its shareholders?

The company has proposed a dividend of €1.50 per share, which may be adjusted depending on treasury shares.

What growth areas is METLEN focusing on?

METLEN is focusing on expanding its operations in Bauxite, Alumina, and Gallium production to enhance its market position.

How has the Metals Sector performed in 2024?

The Metals Sector achieved revenues of €857 million, with an EBITDA increase of 20%, despite overall revenue being down by 9% compared to 2023.

What is the future outlook for METLEN?

The company plans to strategically grow and expand its market presence, aiming to double its size by 2028 amid a strong commitment to sustainability.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

Contact Ryan Hughes privately here. Or send an email with ATTN: Ryan Hughes as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.