Metlen: A New Strategic Trajectory with Eyes on London

The transition to a new era, marked by different challenges and developmental prospects, was highlighted yesterday (3.5.2025) by the President and Chief Advisor of the Group during the 30th General Assembly. Speaking with evident emotion, he stated that “one three-decade chapter is closing, and another is opening in London this time. The company’s ascent cannot remain the same.” “We have already initiated the process for Metlen’s primary listing in London,” announced Mr. Mytilineos, describing the year as a landmark. Thirty years ago, Metlen made its first step on the Athens Stock Exchange, raising just 1.2 million euros with a valuation around 8-8.5 million euros. Today, the company’s capitalization exceeds 6 billion euros, while EBITDA has surged from 250 million euros seven years ago to over 1 billion euros. The Group’s ambitious goal is to increase EBITDA to 1.9-2.08 billion euros in the medium term based on organic growth, without considering mergers or acquisitions. “We don’t set arbitrary deadlines. What we say, we do,” emphasized the same source. The three pillars of the new transformation were presented by the Group President, focusing on strengthening the core in Energy and Metals through new investments and infrastructure, developing through technology and recycled metals, and organizational changes along with digital transformation. Regarding METKA, Mr. Mytilineos noted it is experiencing a ‘second youth’ as it shifts focus to the construction sector, yielding exceptional results. While he did not rule out METKA’s potential introduction to the Athens Stock Exchange, he emphasized the priority remains Metlen’s introduction to the London market. Internationally, geopolitical tensions remain a major concern, especially regarding U.S. tariffs and energy price fluctuations.