Edison, based in London, raises the target price for MYTILINEOS by 85%, with the new price being set at 24 euros from 13 euros previously, with the upside now at ~ 50%.
The analyst’s forecast for a surge in net profits, by > 100% in 2022 and > 125% in 2023, relies heavily on the company’s energy transition (green energy, circular economy and sustainability), proving that MYTILINEOS can lead, also in this area, not only domestic but also international competition.
The company’s first in Greece in terms of ESG criteria (environmental, social and governance criteria) was also characterized as important for profitability.
The result of the above is the forecast of EDISON for particularly attractive P / E indicators for MYTILINEOS, which for 2022 is estimated at ~ 8x, compared to the average of the competition that currently stands at ~ 17x
EDISON analysts predict that MYTILINEOS will be able to quadruple earnings before interest, depreciation & taxes (EBITDA) related to the energy transition, from ~ € 80m in 2020 (ie 25% of the total – € 315m- EBITDA of the company ) to ~ € 325m in 2025 (60% of the total – ~ € 540m- estimated EBITDA of the company).
The main pillars for the energy transition of MYTILINEOS remain:
RES, with EDISON looking forward to the completion of the 1.5GW photovoltaic investment in Greece with the parallel maturation of 4.3GW of the company’s global BOT portfolio
the “greening” of the primary aluminum and the simultaneous reduction of its production costs through RES, after the expiration of the last contract with PPC and
doubling the production of recycled aluminum (secondary smelting), which requires only 5% of the energy of the primary smelting.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.
Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.
Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.
Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.
FM Gerapetritis Calls for Unified EU Response to Global Crises at EU Council
"Europe is navigating through unprecedented crises — wars, humanitarian disasters, climate emergencies," he stated.
Holy Week Store Hours in Greece
Retail stores across Greece are now operating on extended holiday hours for Holy Week, following their Sunday opening on April 13. The move aims to accommodate consumers ahead of Easter, but merchants remain cautious amid sluggish market activity.
Green Getaway Ideas for Easter 2025 in Greece
Celebrate Easter 2025 in Greece the sustainable way with eco-farms, car-free islands, and family-friendly getaways rooted in nature and tradition.
Civil Protection Minister Details Summer Firefighting Plans at Delphi Forum
At the 10th Delphi Economic Forum, Minister of Climate Crisis and Civil Protection Yiannis Kefalogiannis discussed Greece's plans for the upcoming fire season.
How Shops and Markets Will Operate During Easter Holy Week
The Easter holiday schedule has been in effect since April 10, with retail stores open Palm Sunday, and most supermarkets also operating to meet consumer demand for Easter shopping
Why Is the French Aircraft Carrier Charles De Gaulle in Piraeus?
Docking in Piraeus after a four-month deployment in the Indo-Pacific region, the admiral of the aircraft carrier the Charles de Gaulle says, "Greece is our best partner in the Mediterranean."
