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    Mytilineos sees 2019 revenue topping EUR 2.2 billion

  • China Aluminium Network
  • Post Time: 2018/12/4
  • Click Amount: 72

    Reuters reported that Greek industrial group Mytilineos expects sales to top EUR 2.2 next year, from UR 1.5 billion this year, thanks to its growing alumina business and new projects in Libya and Ghana. Chairman Evangelos Mytilineos said “Mytilineos is expected to report 2018 earnings before interest, tax, depreciation and amortisation (EBITDA) in line with last year, or slightly better, said in a presentation to institutional investors. This would allow the group to pay a dividend of EUR 0.36 euro per share on 2018 profits, up from EUR 0.32 last year.

    EBITDA came in at EUR 306 million last year.

    Mytilineos said its aluminium business was expected to have another good year in 2019 since most of its output had been hedged during the Russian crisis.

    Source: https://steelguru.com/
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