Greece · Delayed Price · Currency is EUR Metlen Energy & Metals Earnings Call Transcripts
Fiscal Year 2026
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The meeting highlighted robust revenue growth, strategic investments in energy, metals, and infrastructure, and a strong governance framework. All resolutions passed with record shareholder support, and the company remains focused on disciplined execution, deleveraging, and sustainable value creation.
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 turnover rose 45% year-over-year, driven by strong growth in all segments, though EBITDA and net profit declined due to one-off Empower project losses. Renewables, infrastructure, and utility businesses remain key growth drivers, with full-year EBITDA expected to exceed €1 billion.
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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 profitability rose 5% year-over-year, with EBITDA up 8% and liquidity up 15%. Management expects a stronger second half, with robust metals and renewables performance offsetting weak gas trading. Retail market share nears 20% after Volterra acquisition.