The recent “profit warning” for the 2025 financial year may have partially affected Metlen’s previously flawless image, but Evangelos Mytilineos, the mastermind of the Greek and British listed company, seems to be already laying the foundations for the big… counterattack.
The key components of this counterattack are new business agreements that will contribute to the implementation of the medium-term plan for 1.90-2.08 billion euro EBITDA profits, and will prove that 2025 was simply the exception to the rule of stable growth.
Mytilineos has recently announced the start of a collaboration with Shell for the supply and trading of LNG, further consolidating its position in the field of energy and natural gas.
A few weeks ago, the partnership with the Tsakos Group was also announced for the joint development, construction and operation of a hybrid power plant for the production of electricity from renewable energy sources, in the Central Greece region.
In the meantime, an agreement was reached to sell a mature photovoltaic portfolio in the United Kingdom, within the framework of the asset rotation program, while two other corresponding sales (in Spain and Australia) are expected, which will provide extra liquidity to Metlen’s coffers.
Beyond energy, Mytilineos’s plan is also operating in other sectors.
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