Metlen Energy & Metals Group announced new historic 9-month profitability levels driven by increasing metals and energy synergies.

Key highlights from the Financial Results for the Nine Months 2024 are as follows:

• Turnover was €4,203 million, compared to €4,088 million in the Nine Months 2023 (+3%).
• 6% increase in Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), which amounted to €763 million, compared to €722 million in the Nine Months of 2023.
• Net Income After Minority Rights of €482 million, compared to €462 million in the Nine Months of 2023 (+4%). Similarly, earnings per share amounted to
• €3.49 compared to €3.34 in the corresponding period of the previous year.

Net debt on an adjusted basis amounted to €2,064 million, excluding non-recourse debt. Despite the intensive investment program, the adjusted Net Debt/EBITDA ratio remains at 2.05x.