Greece · Delayed Price · Currency is EUR Metlen Energy & Metals Earnings Call Transcripts
Fiscal Year 2026
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Record H1 2026 results featured double-digit growth in revenue, EBITDA, and net profit, with strong cash flow driving significant deleveraging and improved leverage ratios. Strategic milestones included the launch of the Critical and Rare Metals platform, robust renewables asset rotation, and expansion in defense and infrastructure.
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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.