Mytilineos is a leading industrial company with international presence in all five continents. It is active in Metallurgy, Power & Gas, Sustainable Engineering Solutions (SES) and in Renewables & Storage Development (RSD), operating via a unique synergistic business model.
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Mytilineos is a leading industrial company with international presence in all five continents. Following record-high profitability in FY21, Mytilineos’s continued strong growth momentum in Q122 demonstrates the robustness of its business model despite despite global challenges. Strong maturing pipelines of renewables and sustainable engineering projects should continue to drive growth in the SES and RSD businesses. Mytilineos recently started construction on a 75MW solar plant in Australia, and has already secured a long-term PPA. It has a portfolio of c 750MW at various stages of development or operation in Australia and is investing more than $500m.
Y/E Dec |
Revenue (€m) |
EBITDA (€m) |
PBT (€m) |
EPS (fd) (c) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2020A | 1899.0 | 315.0 | 172.0 | 92.342 | 16.3 | 6.7 |
| 2021A | 2664.0 | 359.0 | 239.0 | 132.733 | 11.3 | 7.4 |
| 2022E | 4028.0 | 518.0 | 354.0 | 201.698 | 7.5 | 5.6 |
| 2023E | 4694.0 | 642.0 | 462.0 | 267.658 | 5.6 | 4.2 |
Industry outlook
Mytilineos possesses a portfolio of assets that enjoy low costs. CCGTs benefit from access to relatively low-cost natural gas and low production costs for both alumina/aluminium allow the metallurgy business to be strongly cash flow generative.
Last updated on 10/08/2022Content on Mytilineos
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Industrials
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Share price graph
Balance sheet |
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| Forecast net debt (€m) | 998 |
| Forecast gearing ratio (%) | N/A |
Price performance
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Key management |
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| Yiannis Kalafatas | CFO |
| Evangelos Mytilineos | CEO and Chairman |