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Metlen Energy shares fall after annual results delayed
(Sharecast News) - Shares in Metlen Energy & Metals' fell sharply on Friday after the company said its auditors asked for the company's 2025 results be delayed.
The group has put back its publication date by nine days after PricewaterhouseCoopers said it needed more time to complete its audit of the first financial statements of the firm as a dual-listed company in the UK and Greece. Metlen shares closed 8.63% lower.
It also reiterated earnings guidance of €750m. Metlen will now publish its financial results for the year ended to December on April 9.
The company in February cut its earnings guidance due to unexpected cost overruns in its M Power Projects business and the delayed closing of certain transactions related to its renewables assets.
Metlen had previously guided for earnings before interest, taxes, depreciation and amortisation for 2025 to exceed €1bn.
Reporting by Frank Prenesti for Sharecast.com
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