ATHENS - Metlen Energy & Metals S.A. (RIC:MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) has released its Q1 trading update, showcasing significant financial growth and strategic corporate developments. The company reported a 31% increase in total sales revenue, reaching €1.5 billion in the first quarter of 2025 compared to €1.143 billion in the same period last year.
The energy sector experienced a substantial 31% increase in sales, while the infrastructure and concessions sector saw a remarkable 171% growth. Metals sales also rose by 11%. Notably, Greece has become a net energy exporter annually, which is expected to influence regional price coupling positively.
Fairfax Financial Holdings (OTC:FRFHF) Limited has agreed to a €110 million exchangeable bond with Metlen, with the option to acquire 2,750,000 treasury shares within two years. Following this, Fairfax’s shareholding in Metlen will increase to 8.35%. Furthermore, Metlen has been recognized for its ESG performance, maintaining a top 6% global ranking in its sector.
In the energy sector, Metlen is expanding its presence and advancing strategic projects, with renewable energy production on the rise. The company’s battery storage projects, energy trading expansion, and retail market growth, which has reached a 19.4% market share, are key highlights.
The metals sector is also a significant growth driver, with a €295.5 million investment in bauxite, alumina, and gallium production in Greece. Strategic agreements with Rio Tinto (NYSE:RIO) for bauxite and alumina supply underscore Metlen’s global market position. The merger process of European Bauxites is proceeding as planned.
Metlen is also enhancing its strategic presence in the defence industry, with expansions and collaborations aimed at strengthening European defence industries. Noteworthy partnerships with Iveco Defence Vehicles and KNDS France have been established.
In infrastructure and concessions, Metlen’s subsidiary METKA ATE has secured a strong project portfolio, with contracts pending signature totaling €1.5 billion. Recent contracts include railway restoration and roof structure restoration of the Olympic Stadium and Velodrome.
Looking ahead, Metlen is focused on executing strategic initiatives across the Energy and Metals Sectors. The company will present an extensive view of its prospects and investment program at the Capital Markets Day at the London Stock Exchange (LON:LSEG) on April 28, 2025. This trading update is based on a press release statement from Metlen Energy & Metals S.A.
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