Greece's Mytilineos post record-high 2023 profits on renewables strength

Metlen Energy & Metals SA

25/01/2024 07:03

Jan 25 (Reuters) - Greek industrial and energy group
Mytilineos  MYTr.AT  reported its highest ever annual earnings
on Thursday, boosted by robust profitability of its renewable
energy sources unit and increased market share of the
electricity supply division.
    Earnings before interest, taxes, depreciation and
amortisation (EBITDA) increased by 23% to 1.01 billion euros
($1.10 billion) in 2023, while annual net profit rose to 623
million euros from 466 million a year earlier.
    This was the first time Mytilineos' annual EBITDA crossed 1
billion euros and net profit exceeded 600 million, it said.
    The Athens-listed group added it would propose a dividend of
1.50 euros per share for 2023.
($1 = 0.9184 euros)

 (Reporting by Antonis Pothitos in Gdansk; Editing by Milla
Nissi)
 ((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))