Mytilineos: How analysts saw the results for the semester

The analysts of the stock exchange companies and the investment departments of the banks characterize the financial results announced for the first half of the year by Mytilineos.

The market also emphasizes what the president and CEO of the listed company, Evangelos Mytilineos, said during the teleconference that took place after the announcement of the flashnote for the first half of the year. And specifically in the reaffirmation of its forecasts for a record profitability in 2021 and for a take-off of profits to 260 million euros in 2022 compared to 129 million in 2020.

In particular, the National Bank gives a target price of 19.90 euros per share, noting that Mytilineos, despite the uncertainty caused by the fourth wave of the pandemic and the three-month maintenance of the Korinthos Power unit, semester results were much better than expected.

Piraeus Bank talks about results that confirmed its estimates and attributed their upward trend in the fields of metallurgy and sustainable development projects.

Optima Bank refers to the report for strong profit forecasts next year, attributing them to the course of aluminum price premiums and the operation of the new 826 MW gas power plant.

Alpha Bank points out that the listed company’s strong profits confirm its estimates, while noting the report of the president and CEO in the teleconference about the possibility of making a decision to expand the alumina unit in order to double production.

Axia refers to Mr. Mytilineos’ estimates for doubling profitability in 2022 and for a record year in 2021.

Beta maintains its positive rating for the course of the stock, while Pandelakis Stock Exchange refers to the estimates of the president of the listed company for the course of aluminum prices in 2022.