Mytilineos - The future is bright
Mytilineos has been investing heavily to benefit from the energy transition (as humanity seeks to limit global warming to c 1.5°C). We estimate...
974 Views
Mytilineos - Resilient margins protect profitability
Mytilineos’s H120 results proved that despite the challenging environment the metallurgy, power and gas industries are facing, the company’s...
294 Views
Mytilineos - Defensive in 2020 and with growth beyond
Although FY20 will be challenging for Mytilineos, in our view its current rating does not reflect the resilience of the business or its longer-term...
81 Views
Mytilineos - A low high yield
Mytilineos issued its first bond on the international debt capital market. The €500m five-year bond issue has a 2.5% coupon, lower than initial...
871 Views
Mytilineos - Growth on track, increased focus on cost cutting
Mytilineos’s 9M results suggest that it is on track to reach our FY19 forecasts. While declining alumina/aluminium prices create earnings risks for...
918 Views