#Capital Markets #London #United Kingdom #METLEN #EBITDA

METLEN's Strategic Vision Unveiled in London

On April 30, 2025, METLEN, a key player in the energy and metals sector, hosted its Capital Markets Day at the London Stock Exchange. This significant event allowed the company's leadership to present their strategic roadmap aimed at achieving a mid-term EBITDA target of €2 billion, driven by organic growth, and the development of new pillars for growth through an integrated platform.

During the presentations, Evangelos Mytilineos, the CEO of METLEN, discussed the transition into a new strategic cycle that includes not just energy, metals, and infrastructure concessions but also critical metals such as gallium and circular metals, alongside defense assets. This robust strategy is designed to ensure METLEN remains at the forefront of the European energy transition.

Key Highlights from the Event

1. Revenue Growth: METLEN has witnessed a remarkable financial performance, tripling its EBITDA since 2020, thanks to significant growth across all sectors. The company's revenue has doubled, and its geographical presence has notably expanded during this period.

2. Sustainable Growth Focus: In line with its goal to further increase its EBITDA, METLEN is committed to sustainable growth through a high-quality integrated business model that positions it as a leader in the era of energy transition.

3. Financial Discipline: The company's disciplined financial approach has maintained its leverage ratio below two times, even amid significant investment cycles. METLEN has successfully broadened its access to international financing, with robust liquidity exceeding €3 billion as of December 2024. This financial strength provides the necessary flexibility to implement its business plan confidently.

4. Stock Performance: Since 2020, METLEN's stock price has seen substantial growth, reflecting the strong operational performance and growing international visibility of the company. The upcoming dual listing on the London and Athens exchanges aims to align METLEN's capital market profile with its international business presence, enhancing shareholder value and access to global investors.

Energy Sector's Impact

METLEN's energy sector remains a crucial engine for scalable growth. With over 2 GW of mature renewable projects in progress and an EPC backlog exceeding €1.5 billion, the company is well-positioned for continuous reinvestment through its asset rotation plan. METLEN aims to capture a 30% market share in the Greek end-user market by 2028 while expanding its operations in grids, data centers, and digital demand response.

To leverage connected European energy markets, the company has also established energy trading and supply centers in Italy and Switzerland, enhancing its natural gas import capacities.

Advancements in the Metals Sector

In the metals sector, METLEN is driving efforts in circular metallurgy, employing proprietary technologies to extract critical metals from industrial waste. With recovery rates reaching up to 99% and applications across various raw material types, this platform is expected to deliver around 290 ktpa of output in the mid-term. A significant focus is on gallium production, a strategic material for semiconductors and defense, with plans to produce 50 tons annually. This new venture not only positions Greece within the European gallium value chain but also diversifies METLEN's portfolio.

Strategic investments in cutting-edge defense solutions further bolster METLEN's presence in the European defense landscape, as the company collaborates with leading defense firms such as Iveco Defence Vehicles and KNDS France.

Infrastructure and Concessions: A Third Growth Driver

Through METKA ATE and M Concessions, METLEN is uniquely positioned to benefit from Greece's annual infrastructure wave totaling approximately €18 billion. The group's dual structure—combining technical execution with long-term concessions—creates a self-sustaining model linking project construction with recurring revenue streams. Noteworthy projects like the Thessaloniki Flyover and various irrigation initiatives exemplify this integrated approach.

The Capital Markets Day signifies a milestone in METLEN’s long-term growth strategy, reinforcing its unwavering commitment to operational excellence, disciplined investments, and top-tier performance—core principles that continue to define METLEN as a robust and forward-focused industrial player.

Additionally, the comprehensive presentation given during the Capital Markets Day is available here, along with press materials here and the event video here. An explanation video by Evangelos Mytilineos is also available here.