Full Year 2024 Metlen Energy & Metals AE Earnings Call Transcript
Key Points
- Metlen Energy & Metals SA (MYTHF) reported a 7% increase in operational profitability, marking a record EBITDA for the company.
- The company maintains a strong liquidity position with controlled leverage, providing significant firepower for potential M&A activities.
- A proposed dividend of EUR1.5 per share reflects the company's commitment to rewarding shareholders.
- Metlen Energy & Metals SA (MYTHF) has achieved a milestone with over EUR1 billion in EBITDA and EUR600 million in net profitability.
- The company is on track for substantial organic growth, with a considerable rise in turnover expected from the first quarter of 2025.
- Net profitability remained flat compared to the previous year, indicating challenges in achieving bottom-line growth.
- The geopolitical tensions and uncertainties, particularly regarding the Ukrainian conflict, pose risks to the company's operations and future profitability.
- The company has increased its debt by approximately EUR1.1 billion, primarily to fund its investment plans, which could impact financial flexibility.
- The electricity generation and supply segments face volatility due to fluctuating natural gas and wholesale electricity prices.
- The company's aggressive market strategy in the electricity supply business has led to softer results in the second half of the year.
Ladies and gentlemen, thank you for standing by. I am Gailey, your Chorus Call operator. Welcome and thank you for joining the Metlen Energy & Metals financial results conference call to present and discuss the Metlen's full-year 2024 financial results. At this time, I would like to turn the conference over to Mr. Evangelos Mytilineos, Chairman of the Board of Directors and Chief Executive Officer, and other senior executives. Mr. Mytilineos, you may now proceed.
Good afternoon, everybody, from Greece and overseas from all foreign countries where we have a lot of friends, and they're all here today to discuss our results for 2024. I don't know how things where you are. Athens is terribly cold and miserable, I would say. But still, we don't have miserable results. So we are in good mode.
As you have all seen, we have a slight increase in our turnover in 2024. This slight increase is going to -- it looks like it's going to increase
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