Greece · Delayed Price · Currency is EUR Metlen Energy & Metals Earnings Call Transcripts
Fiscal Year 2025
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Revenue rose 25% to a record EUR 7.1 billion, but EBITDA fell 30% due to ex-MPP project losses. Liquidity remains strong, with a special dividend and robust outlook for 2026 as restructuring and growth initiatives take hold.
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First-half 2025 saw 45% revenue growth and robust segment performance, despite a 6% EBITDA and 10% net profit decline due to one-off Empower project losses. Guidance remains strong, with full-year EBITDA expected to exceed €1 billion and continued growth in renewables, utilities, and infrastructure.
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Targets doubling EBITDA to €2 billion in the medium term through organic growth, innovation, and a €2.5 billion capex plan focused on energy, metals, and infrastructure. Expands in renewables, circular metals, and defense, while maintaining strong financial discipline and preparing for a London listing.
Fiscal Year 2024
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EBITDA reached a record high in 2024, with stable net profit and strong liquidity supporting growth. Renewables, metals, and energy segments are driving expansion, with a €2 billion+ EBITDA target for 2028 and a focus on organic growth, asset rotation, and strategic investments.
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Earnings per share and net profit rose 5% year-over-year, with EBITDA up 8% and liquidity up 15%. H2 is expected to be stronger across most segments, with robust renewables, improved metals, and a finalized Volterra acquisition boosting retail market share.