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Metlen on track for FY as turnover rises
(Sharecast News) - New FTSE 100 member Metlen Energy & Metals said it was on track to meet its full-year earnings target after reporting a rise in turnover for the first nine months of the year. In a trading update, Metlen said turnover increased 22% to €5.15bn.
The company's energy sector, reported turnover of €4.0bn, up 18%. Performance in the third quarter was affected by lower day-ahead market prices and a softer contribution from asset rotation relative to the same quarter of 2024.
"In the first nine months of 2025, the company delivered a step change in investment, while at the same time, produced a strong performance across all core business units. Geopolitical uncertainty, trade tensions and heightened volatility in the global energy and metals markets have not obstructed the company's growth trajectory," said CEO Evangelos Mytilineos.
Reporting by Frank Prenesti for Sharecast.com
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