METLEN Hosted Capital Markets Day in London, Unveiling Strategic Roadmap Towards €2 Billion targeted EBITDA in the medium term and New Growth Pillars
Rhea-AI Summary
METLEN hosted its 2025 Capital Markets Day in London, outlining plans to reach €2 billion in EBITDA mid-term through organic growth. The company has shown remarkable progress, tripling EBITDA and doubling revenue since 2020.
Key highlights:
- Strong financial position with over €3 billion in liquidity
- Plans for dual listing on London and Athens Stock Exchanges
- Renewable energy platform exceeds 2 GW of pipeline projects
- Targeting 30% retail market share in Greece by 2028
- New focus on critical metals with 99% recovery rates
- Entering gallium production with 50-tonne annual target
- Expanding defense solutions through strategic partnerships
The company operates across three main sectors: Energy, Metals, and Infrastructure & Concessions. With operations in 40 countries across five continents, METLEN maintains a leverage ratio below 2x while pursuing ambitious growth plans. The company's integrated business model positions it strongly for the energy transition era.
Positive
- EBITDA tripled since 2020, with revenue more than doubling
- Strong liquidity position of €3 billion as of December 2024
- Maintains leverage consistently below 2x despite significant CAPEX cycles
- Renewables platform exceeds 2 GW of mature pipeline projects with €1.5 billion EPC backlog
- Plans to capture 30% retail market share in Greece by 2028
- New gallium production initiative targeting 50 tonnes annually
- Circular metallurgy technology achieving up to 99% recovery rates
- Expanding into defense sector through strategic partnerships with Iveco Defence Vehicles and KNDS France
- Planned London Stock Exchange listing to enhance global investor access
- Current consolidated turnover of €5.68 billion and EBITDA of €1.08 billion
Negative
- Significant CAPEX requirements for expansion plans
- Heavy dependence on Greek market for infrastructure projects
- Geographic concentration risk in primary operations
- Execution risk in entering new markets (defense, gallium production)
- Potential market volatility exposure through energy trading operations

The Capital Markets Day featured a comprehensive update on METLEN's business activities by sector, including a presentation by Evangelos Mytilineos, CEO of METLEN, on the Company's transition into a new strategic cycle as it incorporates Critical Metals (Gallium), Circular Metals and Defence into its portfolio alongside Energy, Metals, and Infrastructure & Concessions.
Key updates included:
Strong financial performance has seen the Company's EBITDA triple since 2020 until today
- METLEN's strong financial performance is underpinned by significant growth across all its sectors resulting in the Company tripling its EBITDA, more than doubling its revenue, and expanding its geographical footprint since 2020.
- Through its roadmap targeted to double EBITDA in the mid-term, METLEN is driving sustainable growth through a high-quality, integrated business model that is built to lead in the era of energy transition.
Robust liquidity has enabled the Company to fund growth
- METLEN's disciplined financial approach has enabled it to maintain leverage consistently below 2x, even during significant CAPEX cycles.
- The Company has successfully expanded its access to international funding, now operating with robust liquidity in excess of
€3 billion (Dec 2024), providing the flexibility needed to execute its business plan with confidence. - Alongside this, the Company's share price has risen over significantly since 2020, reflecting its solid operational performance and growing international visibility.
- The upcoming dual listing on the
London and Athens Stock Exchanges, through a share exchange offer, will further align METLEN's capital market profile with its international business footprint, enhancing shareholder value and access to global investors.
METLEN's Energy sector continues to be a core engine of scalable growth
- METLEN's renewables platform has now surpassed 2 GW of mature pipeline projects, supported by over
€1.5 billion in EPC backlog, enabling continuous reinvestment through its Asset Rotation Plan. - Its ambition to capture a
30% retail market share inGreece by 2028, paired with growing operations in grids, data centers, and digital demand management, remains on track and positions METLEN at the forefront ofEurope's energy transition. - The Company has already established energy trading and supply hubs in
Italy andSwitzerland , further leveragingEurope's interconnected energy markets and enhancing its import capabilities in natural gas.
METLEN's Metals sector remains a European powerhouse in aluminium and strategic materials
- The Company is scaling its efforts in circular metallurgy, using proprietary, pilot-proven technologies to extract critical metals from industrial residues. With recovery rates of up to
99% and applications across multiple feedstock types, this platform is expected to deliver ~290 ktpa in output in the medium term, the majority of which will be high-value strategic materials — reinforcing both profitability and environmental impact. - The Company's recent entry into the gallium market — a strategic material for semiconductors and defence — with plans to produce 50 tonnes annually, will not only establish
Greece withinEurope's gallium value chain, but also add a high-value lever to METLEN's diversified portfolio. - METLEN is reinforcing its strategic footprint by investing in cutting-edge defence solutions. The expansion of its industrial base in Volos, along with new partnerships with top-tier defence companies (Iveco Defence Vehicles (LINK), KNDS France (Link), positions METLEN as a vital player in
Europe's defence landscape.
Infrastructure & Concessions sector is emerging as a third major growth engine for the Company
- METLEN, through METKA ATE and M Concessions, is uniquely positioned to capitalize on
Greece's ~€18 billion annual infrastructure wave. The group's dual structure — combining engineering execution with long-term concession development — creates a self-sustaining model that links project construction with recurring revenue. - Flagship projects like the Thessaloniki Flyover, the bioclimatic school units, and the Thessaly irrigation scheme exemplify this integrated approach. METLEN aims to lead in the infrastructure sector by consistently delivering projects safely, on time, and with engineering excellence and cost efficiency.
The Capital Markets Day represented a milestone in METLEN's long-term growth strategy, underscoring its unwavering commitment to operational excellence, disciplined investment, and top-tier performance — pillars that continue to define its trajectory as a resilient and forward-looking industrial leader.
Notes to editors:
- The detailed presentation given during the Capital Markets Day is found here: https://www.metlengroup.com/media/bbqif2mf/cmd_presentation.pdf
- Photo material is available here: https://we.tl/t-bm9l64UkeY
- The video of the entire Capital Markets Day event can be found here: https://youtu.be/vkYBddhYs0w
- A video with statements from Evangelos Mytilineos is available here: https://youtu.be/6PoOQIs6JwI
- Capital Markets Day 2025 - Metlen Εnergy & Metals
METLEN:
METLEN Energy & Metals is a multinational industrial and energy company, a leader in the metallurgy and energy industries, focused on sustainability and circular economy. The Company is listed on the Athens Stock Exchange, with a consolidated turnover and EBITDA of
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Forward Looking Statements:
Certain statements in this announcement are forward-looking. By their nature, forward looking statements involve risks, uncertainties, assumptions and other factors that are outside the control of METLEN and could cause actual results or events to differ materially from those expressed or implied by the forward-looking statement.
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SOURCE METLEN Energy & Metals