Metlen Energy & Metals Full Year 2024 Earnings: Misses Expectations

Metlen Energy & Metals (ATH:MYTIL) Full Year 2024 Results

Key Financial Results

• Revenue: €5.68b (up 3.5% from FY 2023).
• Net income: €614.6m (down 1.4% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: €4.46 (down from €4.51 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Metlen Energy & Metals Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 2.0%.

The primary driver behind last 12 months revenue was the Energy segment contributing a total revenue of €4.57b (80% of total revenue). Notably, cost of sales worth €4.65b amounted to 82% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling €217.8m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how MYTIL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Industrials industry in Europe.

Performance of the market in Greece.

The company's shares are up 4.7% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Metlen Energy & Metals could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.