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Mytilineos: Increased profitability in the first quarter

Turnover and Earnings before Taxes, Interest and Depreciation (EBITDA) amounted to € 524 million and € 81 million respectively for the first quarter of 2021, remaining at the same levels as in the corresponding period of the previous year and with the immediately preceding quarter.
Net profit after minority interests amounted to € 37 million, remaining at about the same level compared to the same period last year, while it was significantly higher (+ 37%) compared to the fourth quarter of 2020.
Net borrowing stood at € 554 million, with the leverage ratio (Net Lending / EBITDA) standing at 1.75, despite significant investments being in full swing.
As pointed out by the group, the financial performance of MYTLINEOS in the first quarter of 2021 marks a dynamic start to a year with positive prospects. In the coming quarters, this performance is expected to increase significantly, as the demand and prices of aluminum remain high, the price environment and the deman ....

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Foreign NGOs urged to focus on sustainable development projects

Foreign NGOs urged to focus on sustainable development projects
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