Metlen Energy & Metals Tumbles after Delaying 2025 Results
By Joe Stonor
Metlen Energy & Metals shares fell to their lowest level since the group listed in London, after its auditors requested a delay to the release of its 2025 earnings.
Shares fell 6.5% to 32.50 euros after previously falling as much as 8%, making it the sharpest faller in London's blue-chip FTSE 100 index. Shares are currently down 26% over the year to date.
The company started trading in London on Aug. 4 at 47.16 euros.
The group pushed back its full-year results release by nine days to April 9 after auditor PwC said it needed more time to complete its review of Metlen's accounts, the first since the company listed in London.
"Delaying results is never a good look," AJ Bell's Russ Mould said.
Greece-based Metlen said its earnings forecast for 2025 was unchanged. The company expects to record earnings before interest, taxes, depreciation and amortization of 750 million euros ($864.5 million) for the year ended Dec. 31.
The company had lowered its Ebitda guidance in February from 1 billion euros, citing unexpected cost overruns and the delayed closing of certain transactions.
Still, the company said on Feb. 6 that its midterm guidance remained unchanged and the potential mergers and acquisition transactions in Western Europe were expected to conclude in the short term.
Earnings were due to be reported on March 31.
Write to Joe Stonor at josephmichael.stonor@wsj.com
(END) Dow Jones Newswires
March 27, 2026 08:04 ET (12:04 GMT)
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