Metlen is ready to announce two extra funding strikes at Capital Markets Day (CMD), to be held on the LSE premises in London on April 28, and can mark the beginning of its third-in-a-row – since 2017 – transformation, code-named “Huge 3,” the Athens-listed firm’s head Evangelos Mytilineos introduced in the course of the presentation of the 2024 monetary outcomes to analysts final week.
“You’ll have to wait till the presentation in London and you’ll perceive why we want extra time to be extra exact in our bulletins,” stated Mytilineos, clarifying, nonetheless, that these new funding strikes will definitely embrace the metals facet, however not the alumina facet, the capability of which, as he stated, has reached its limits.
He estimated that the corporate’s EBITDA will exceed 2 billion euros in 2028, with out mergers or acquisitions, whereas noting that there could also be a major merger or acquisition sooner or later that can increase its fundamentals significantly.
Requested in regards to the latest twin strategic settlement with Rio Tinto, he famous that “the availability of bauxite is secured, which has turn out to be maybe an important subject within the aluminum provide chain.”
