Athens, Greece – February 20, 2025
METLEN Energy & Metals has announced its financial results for 2024, marking another year of strong growth and stability despite significant declines in electricity and natural gas prices. The company achieved a record-breaking EBITDA and maintained high profitability while preserving a robust financial position.
Key Financial Figures
| Amounts in € million | 2024 | 2023 | Δ % |
|---|---|---|---|
| Revenue | 5,683 | 5,492 | 3% |
| EBITDA | 1,080 | 1,014 | 7% |
| Net Profit | 615 | 623 | -1% |
| Earnings per Share (€) | 4.460 | 4.505 | -1% |
Margins (%)
| 2024 | 2023 | Δ (bps) | |
|---|---|---|---|
| EBITDA Margin | 19.0% | 18.5% | 51 |
| Net Profit Margin | 10.8% | 11.3% | -49 |
Strong Growth Amid Challenges
METLEN’s revenue reached €5.683 billion, showing an increase compared to €5.492 billion in 2023. This growth came despite the sharp drop in electricity and gas prices, showcasing the company’s strategic adaptability and ability to maintain strong performance in a demanding market environment.
Historic EBITDA Record
EBITDA surged by 7%, reaching an all-time high of €1.08 billion. This achievement is attributed to METLEN’s high operational efficiency, optimized energy costs, and the consistent expansion of its Renewable Energy Sources (RES) sector.
Consistent Profitability
Net income after minority interests stood at €615 million, slightly lower than €623 million in 2023. The slight decline reflects the company’s stable profitability, despite fluctuations in the energy market. Earnings per share (EPS) came in at €4.46, compared to €4.51 in the previous year.
Generous Dividend for Shareholders
METLEN’s board has proposed a dividend of €1.50 per share, offering a strong return for shareholders. The final dividend amount may be adjusted upwards based on the number of treasury shares at the ex-dividend date. This highlights the company’s commitment to rewarding its investors while maintaining a solid financial standing.
Strong Financial Structure & Low Debt
The company’s net debt (adjusted basis) was €1.776 billion, excluding non-recourse financing. Despite executing an intensive investment program, the Net Debt/EBITDA ratio remained at 1.7x, aligning with METLEN’s financial management policies. This indicates strong liquidity and a balanced debt profile, allowing room for further strategic growth investments.
A Market Leader with a Vision
METLEN’s 2024 results confirm its leadership position in the energy and industrial sectors. Despite industry challenges, the company has successfully maintained strong financial health, continued to attract investors, and delivered significant shareholder returns.
With a combination of higher revenues, record-breaking EBITDA, stable net profits, and generous dividend distributions, METLEN stands as one of the most reliable and powerful industrial groups in Greece. Looking ahead, the company remains focused on further expansion and strengthening its global presence.