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Sparks commentary - Metlen Energy & Metals

Industrials

Sparks - Metlen Energy & Metals

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Mytilineos_resized
Metlen Energy & Metals (LSE: MTLN; ATHEX: MYTIL) FY26 guidance given with AGM
Published by Jonathan Day

Metlen released its AGM statement today, which included specific 2026 guidance. The company reiterated its comments from the 7 May Q126 results that it has had a strong start to the year, reflecting solid momentum across the Energy, Metals and Infrastructure sectors, alongside the continued execution of its strategic investment programme, and that it remains firmly committed to its medium-term EBITDA target of €2bn. Specifically for FY26, Metlen expects to achieve record turnover, with EBITDA fully recovering to a range of €1.0–€1.15bn (mid-point €1.075bn). FY26 consensus EBITDA of €1.13bn is within this range and the market appears to have taken the guidance in its stride, with the shares little changed on the day (21 May) at midday London time.

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