Mytilineos

ATHEX-listed group Metlen achieved a record first-half net profit in the first six months of 2024, with analysts in their initial reactions following the results announcement maintaining a "buy" recommendation for the company's stock, which is trading at attractive levels.

PPC‘s management continues to surprise with its new ventures. As stated yesterday to analysts by Chairman and CEO Mr.

Metlen, the Athens-listed group formerly known as Mytilineos, has met the challenge of transporting the bulky equipment needed to develop its three open-cycle power generation units it is building in the UK, ensuring operations continue smoothly.

The week started at Athinon Avenue with an interesting session that started with gains, then swung to significant losses that were contained by the closing. Banks led the decline at the bourse, but several other stocks resisted, keeping the main index above the 1,400-point level in the end.

Thursday offered investors another bank-centered decline for stocks, which came with a drop in turnover too. The benchmark at Athinon Avenue took significant losses and even closed at the day's low, pointing to a trend for a further drop on Friday morning at least. Observers say the market is waiting for the sale of blue chip Terna Energy to unleash some liquidity.

Stocks at Athinon Avenue offset the early post-election losses on Monday to keep the benchmark in the black by the closing, even though the majority closed in the red. Banks - led by Eurobank - had a positive day and contributed significantly to the recovery of the main and blue chip indexes, though turnover left a lot to be desired.

The clearer strategic targeting of Athens-listed group Mytilineos to the needs of the large European and global market for new products has been sealed with the change of brand to Metlen, en route to its listing on the London Stock Exchange.

The shareholders' General Assembly meeting approved the renaming of Mytilineos to Metlen Energy & Metals, ahead of its listing on a foreign stock exchange, it was announced on Tuesday.

Two leading Greek businessmen, Hellenic Federation of Enterprises (SEV) President Dimitris Papalexopoulos and Eurometaux President Evangelos Mytilineos, expressed their anxiety about the future of the European Union, speaking at an event by the federation ahead of next month's European elections.

The President of the Hellenic Federation of Enterprises (SEV) Dimitris Papalexopoulos and Vice President Evangelos Mytilineos gave their opinions on the upcoming European elections at a conference moderated by Kathimerini's Executive Editor Alexis Papachelas on Thursday.