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METLEN Projects Record 2026 Revenue, Eyes Gallium Production and Share Buybacks
🇬🇷 Greece /Economy & Trade

METLEN Projects Record 2026 Revenue, Eyes Gallium Production and Share Buybacks

From Ta Nea · () Greek

Translated from Greek, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • METLEN forecasts record revenues in 2026, with operating profits (EBITDA) projected between 1 and 1.15 billion euros, according to company president Evangelos Mytilineos.
  • The company is exploring new activities, including gallium production, and has defense sector orders from the US and Germany, but not Greece.
  • METLEN's general assembly approved all board proposals, including a dividend of 1 euro per share and a share buyback program.

Evangelos Mytilineos, the president of METLEN, has projected a strong performance for the company, anticipating record revenues in 2026 with operating profits (EBITDA) expected to range between 1 and 1.15 billion euros. Speaking at the company's general assembly, Mytilineos highlighted the company's resilience, particularly noting that while 2025 saw a dip in profitability, it was a "didactic" year that prompted decisive action.

He who laughs last, laughs best.

— Evangelos MytilineosResponding to questions about hedge funds betting on a further stock price decline.

The company is actively pursuing new avenues for growth, including the production of gallium, a material for which demand reportedly outstrips supply by a factor of fifty. Mytilineos also touched upon the defense sector, revealing that METLEN has secured orders from the United States and Germany, though notably, not from Greece. This international engagement underscores the company's global reach and its strategic positioning in key industries.

If we don't have gas from either Qatar or Russia by the end of 2027, Europe will be in a very difficult position.

— Evangelos MytilineosExpressing concerns about Europe's energy security.

Reflecting on the volatile energy markets and geopolitical tensions, Mytilineos expressed concern about Europe's energy security, particularly if supplies from Qatar and Russia are disrupted. He emphasized the positive impact of rising aluminum prices on METLEN's business, while acknowledging that increased natural gas costs impact metal and electricity production. The general assembly overwhelmingly approved key financial decisions, including a 1 euro per share dividend and a share buyback program, signaling confidence in the company's future prospects.

Capital increases and elections are not announced in advance.

— Evangelos MytilineosResponding to a question about a potential capital increase.
DistantNews Editorial

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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