The turnover rose in the first quarter of the year at 31% compared to the corresponding period last year, the announced today (24.4.2025) Metlen Energy & Metals.
It is recalled that Metlen will present her new investment program at Capital Markets Day on the London Stock Exchange on April 28. Today’s announcement presents the course of the company, without reference to operational or pure results according to – as it says – with best practices as they apply to the United Kingdom.
Metlen President and CEO Evangelos Mytilineos said:
“We remain committed to achieving growth and long -term value for our shareholders. With a clear orientation to business efficiency and strategic expansion, we make use of our advantages to create new opportunities in basic markets.
The year we are marking a milestone for Metlen in London, reinforcing our position as a world leader and opening new paths to growth, innovation and cooperation. “
According to the announcement, the revenue of the energy industry in the first quarter stood at € 1.18 billion (+ 31%), 228 million (+ 11%) metals and infrastructure – concessions of 92 million (+ 171%).
The main quarter developments include:
- The agreement with Fairfax to increase its participation in Metlen with the conclusion of an exchangeable Euro110 million bond, with which Fairfax will have the right to acquire 2,750,000 Metlen shares within two years at the price of EURO40 per share, ie 1.92% of the company. After acquiring this percentage, the total rate of Fairfax in the company will amount to 8.35%.
- The start of the 2GW submarine interface between Scotland and England, worth 2.5 billion pounds.
- The € 295.5m investment announcement to create a vertically integrated bauxite, alumina and French production line in Greece, enhancing Europe’s self -sufficiency in these critical raw materials.
- Partnerships with Iveco Defense Vehicles for their joint participation in the military truck -and -non -armored and non -armored fleet refresh and with the KNDS France for the production of VBCI Philoctetes, the most modern French 8 × 8 -Straight.
It is also noted that Metlen was declared a contractor for the project “Restoration of the Athens – Thessaloniki Double Railway from the exit of the SS. Domokou (CH 288+600) until the entrance of the SS Krannon (CH 328+840) after the natural disasters’ ‘Daniel’ and ” Elias’ ‘, with a budget of 134.4 million as well as the upgrading of the Olympic Stadium and the bike path, with a budget of 61.3 million.
Source: RES – EIA