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METLEN Reports Record Revenue in Nine-Month Update
METLEN Energy & Metals PLC announced its nine-month 2026 trading update, achieving a record revenue of €6.2 billion, a 21% increase from the previous year. This growth spans across most of its business units and segments. The company's resilience is notable despite a 44-day outage at its largest thermal power generator, which returned to full operation in October.
Amidst market volatility, METLEN reaffirms its FY 2026 EBITDA guidance between €1.00-1.15 billion. Further strategic progress includes METKA's development as an independent infrastructure platform and a potential Euronext Athens listing. The company also highlights its progress in energy storage, strategic partnerships, and asset rotation, such as the sale of Tamarico II solar-plus-storage project in Chile.
Executive Chairman Evangelos Mytilineos emphasized METLEN's commitment to disciplined execution and operational excellence, ensuring the company's capability to meet market challenges while delivering sustainable value.
R. H.
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