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.
Mytilineos possesses a portfolio of assets that enjoy low costs. Combined cycle gas turbines 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.
Industrials
Evangelos Mytilineos
CEO and Chairman
Yiannis Kalafatas
CFO
Forecast net debt (€m)
1124
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 15.6 | 36.5 | 54.2 |
Relative | 7.1 | 18.6 | 41.7 |
52 week high/low | €22.9/€12.8 |
Mytilineos is a leading industrial company with international presence in all five continents. In Q322, Mytilineos reported record results for the fourth consecutive quarter demonstrating the robustness of its business model despite global challenges. Strong maturing pipelines of renewables and sustainable engineering projects should continue to drive growth in the SES and RSD businesses. In November, Mytilineos announced an EPC contract worth €250m for seven energy storage projects in the UK totalling 367.5MW. The contract is with longstanding business partner Gresham House and expected to complete by end-2023. This adds to the 707MW of energy storage projects Mytilineos is developing in Italy, Spain and Australia.
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 | 24.8 | 10.2 |
2021A | 2664.0 | 359.0 | 239.0 | 132.733 | 17.2 | 11.2 |
2022E | 5430.0 | 717.0 | 544.0 | 287.435 | 8.0 | 6.4 |
2023E | 6142.0 | 783.0 | 590.0 | 323.760 | 7.1 | 4.8 |
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