Mytilinaios: Moving forward with game-changing moves and a target of €2 billion EBITDA in 3-5 years

Before 160 analysts, METLEN held its archetypal Capital Markets Day successful London, wherever the Group’s absorption presented the strategical program for achieving its mid-term people of €2 cardinal successful EBITDA. As is being revealed, the plan.

In beforehand of 160 analysts, METLEN held its archetypal Capital Markets Day successful London, during which the group’s absorption presented the strategical program aimed astatine achieving its mid-term extremity of €2 cardinal successful EBITDA. It was disclosed that the operational model, superior allocation priorities, and maturation strategy volition beryllium supported by 3 caller cardinal pillars of development: Critical Metals (Gallium), Circular Metallurgy, and Defense, which complement and reenforce its starring presumption successful the fields of Energy, Metals, and Infrastructure.

Capital Markets Day 2025

The caput of METLEN, Evangelos Mytilineos, during his opening presentation, recalled his studies astatine LSE and his consequent instrumentality to Greece to instrumentality implicit the small, past household business. He provided a little retrospective of the group’s journey, stating, “Some accidental that if you marque it successful New York, you tin marque it anywhere. They haven’t been to Greece!” He spoke of the Lehman epoch erstwhile “we heard from our authorities that we wouldn’t person problems,” but aboriginal faced challenges during the Greek crisis, including the request to regenerate guarantees adjacent to €600 million, the achy acquisition of the prolonged situation successful erstwhile years, and the play successful 2015 erstwhile the state was adjacent to exiting the Eurozone, making it precise hard for the radical to proceed its trajectory.

He continued by mentioning that successful 2017, erstwhile the concern calmed, they launched Big1, the archetypal signifier of reorganization arsenic Greece attempted to retrieve from the recession and the institution began to climb. At that time, acquisitions and mergers with subsidiaries took place, introduction into retail was made, and though the way was hard owed to COVID, the vigor situation alternatively presented an “opportunity for us.”

Mytilineos emphasized that “when determination is simply a problem, our extremity is to beryllium capable to lick it and summation thing from it, which has happened implicit the past 3 years. The metals sector, which has precocious vigor intensity, made everything clearer. There is nary metallurgy without energy. So we thought astir however to harvester these two, and yet vigor and metals intertwined. It was a precise palmy exemplary that different companies astir the satellite are present following. The vigor situation was traumatic for metallurgy and for vigor itself. Many companies went bankrupt. Fifteen years ago, we had 12 oregon 15 aluminum producers successful the world; present we person 3 to 4,” adding that “we reached present precise hard; thing was offered to us.”

He past pointed retired that successful the pursuing years, projects went good and numbers improved, with EBITDA reaching €1 cardinal successful 2023. After that, they had to negociate to consolidate implicit €1 billion, and things were going well. Now they are moving to the adjacent measurement due to the fact that they person the numbers. “We are present to explicate however we volition scope this step. On June 3, the Big 3 volition instrumentality spot for the interior translation we request to fulfill an ambitious program for the company. We privation to fortify existing sectors. For example, successful retail, we climbed to 20%, aiming for 30%. For production, we are bringing gallium, leveraging our expertise successful the defence assemblage and captious metals, particularly successful circular metals. In the company, we telephone them Game Changers that volition alteration the game. This programme includes the interior transformation, which volition beryllium significant. The standard of the changes is ample and highly necessary, aiming for €2 cardinal successful EBITDA for the mean term. So we are talking astir the mean term, which successful the UK is 3-5 years, and we indispensable comply with that,” concluded Mr. Mytilineos successful the archetypal portion of his address.