Mytilineos sees 2019 revenue topping 2.2 bln euros

Greek industrial group Mytilineos expects sales to top 2.2 billion euros next year, from 1.5 billion euros this year, thanks to its growing alumina business and new projects in Libya and Ghana, its chairman said on Thursday.

The group, which has not released results for this year yet, is expected to report 2018 earnings before interest, tax, depreciation and amortization (EBITDA) in line with last year, or slightly better, Evangelos Mytilineos said in a presentation to institutional investors.

This would allow the group to pay a dividend of 0.36 euro per share on 2018 profits, up from 0.32 euro last year, the company said.

EBITDA came in at 306 million euros last year.

Local media have speculated Mytilineos, which is listed in Athens, could seek a foreign listing as well.

Asked about this, Mytilineos said: "It's a little bit early to comment."...

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