Mytilineos is preparing the counterattack – What the latest deals of Metlen show
Evangelos Mytilineos is preparing for a significant comeback despite recent financial warnings by establishing new business agreements.
Despite a recent profit warning that has slightly tarnished Metlen's previously flawless image, Evangelos Mytilineos, the head of the publicly traded Greek and British company, appears to be laying the groundwork for a significant counteroffensive. This counteroffensive is expected to focus on achieving new business deals that will not only support a medium-term plan for EBITDA profits ranging between 1.90 to 2.08 billion euros but also demonstrate that the year 2025 was merely an exception in a trend of stable growth.
Just yesterday, Mytilineos announced a collaboration with Shell for the supply and trading of LNG, further solidifying the company's position in the energy and natural gas sector. This move is part of a broader strategy to enhance Metlen's resilience and market presence, highlighting Mytilineos' proactive approach to navigating challenges and seizing opportunities in the evolving energy landscape.
Additionally, a few weeks ago, it was disclosed that Metlen entered into a partnership with Tsakos Group for the joint development, construction, and operation of a hybrid power generation station. These strategic alliances signal Mytilineos' commitment to not only recover from recent setbacks but to position the company for future growth and innovation in a competitive market, showcasing the ambitious vision he holds for the company's future.