Earnings release
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M MYTILINEOS MYTILINEOS S.A. NINE MONTHS 2021 TRADING UPDATE RECORD - HIGH LEVEL OF PROFITABILITY FOR 2021 - SUBSTANTIAL MATURE INVESTMENTS SET THE GROUND TO LEVEL - UP 2022 PROFITABILITY - Athens , Greece 26 October 2021 -MYTILINEOS SA ( RIC : MYTr.AT , Bloomberg : MYTIL.GA , ADR : MYTHY US ) announces nine months financial results . 062.4 % increase in EPS on an adjusted basis for extraordinary and non - recurring events compared to the first nine months of 2020 , or 18 % on a non - adjusted basis , with Net Profits after minority interests amounting to € 115 million Turnover reached € 1,698 million , a 27 % increase compared to the corresponding period in 2020 . OEBITDA came in at € 241 million , a 23 % increase vs. the nine months of 2020 on an adjusted basis for extraordinary and non - recurring events . In a non - adjusted basis , EBITDA increased by c.3 % year - on - year . ○ Net Debt stood at € 804 million , resulting in a Leverage Ratio ( Net Debt / EBITDA ) of 2.5x , during a year with significant investments being either finalized or in full deployment . As we are moving towards the end of 2021 , a year which , despite the ease of the pandemic effects , brings challenges just as important to those of 2020 , MYTILINEOS delivers new record - levels of revenues and profitability , while its investment programme continues apace , paving the way for the transition to significantly higher financial figures in the years to come , in - line also with the ambitious environmental goals the company has set . Global economy , despite recording the fastest growth rate in recent years , is now facing critical secondary effects from the pandemic , such as inflationary pressures , rise in commodity prices , supply chain disruptions , rising energy costs , record - high sea freight rates ; with growing cost pressures gathering pace in the second half of the year , undermining growth prospects . These adverse conditions are testing businesses in Greece , European Union as well as the rest of the world . Having recognized early - on the above - mentioned challenges , MYTILINEOS has undertaken the necessary measures , particularly with regards to the energy costs , which ensures the achievement of new historically high profitability for 2021 , while laying the foundation for a change in the level of its financial performance over the next year . Significant investments like the increase of total Aluminium production capacity to 8 Artemidos Str , Maroussi , GR- 151 25 Athens T : +30 210 6877 300 F : +30 210 6877 400 E. info@mytilineos.gr mytilineos.gr