Metlen Energy & Metals "cautiously optimistic" as quarterly sales grow

(Alliance News) - Metlen Energy & Metals PLC on Thursday said it started 2026 with "strong operational momentum" across all business sectors as it reported strong first quarter revenue growth.

The Athens-based energy and metallurgy company said total sales increased 37% to EUR2.05 billion in the first quarter from EUR1.50 billion the year prior.

Energy sales increased 39%, Metals by 2.6% and Infrastructure & Construction by 92%.

Executive Chair Evangelos Mytilineos said Metlen has started 2026 with "strong operational momentum" across all its business sectors.

"Our continued investments in energy transition, critical raw materials and defence, combined with disciplined execution, position the company to navigate a complex geopolitical environment while delivering sustainable growth," he added.

Looking ahead, Metlen said management maintains a "cautiously optimistic" outlook for 2026, supported by a strong project pipeline, increasing demand and prices across core sectors and continued execution of its investment program.

It noted "an environment shaped by heightened geopolitical tensions and ongoing conflicts, which impact energy markets, supply chains and defence demand."

Shares in Metlen were up 0.3% at 38.30 pence in London on Thursday.

By Jeremy Cutler, Alliance News reporter

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