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MYTILINEOS GROUP
SUSTAINABILITY REPORT 2011 |97
Economic Value Table
2009
2010
2011
Turnover (€)
339,390,008
613,703,879
1,003,699,824
Economic value created
339,390,008
613,703,879
1,003,699,824
Operating costs (€)
283,596,277
484,749,066
847,226,694
Employee salaries and benefits (€)
19,723,882
20,491,808
23,183,400
Payment of income tax & other taxes (€)
4,861,228
33,131,011
30,572,646
Payments to capital providers (€)
21,897,327
11,408,526
26,092,331
Investments in local communities (€)
161,950
339,415
335,950
Economic value distributed
330,078,714
550,119,827
927,411,020
Economic value distributed
97.2%
89.6%
92.4%
Economic value retained
2.8%
10.4%
7.6%
Key financial figures
In the sector of large-scale energy and environmental projects, infrastructure works and defence equipment manufacturing, MYTILINEOS Group is active through
METKA S.A.
METKA S.A. is the leading EPC (Engineering - Procurement - Construction) contractor in SE Europe, specialising in large-scale energy projects. It undertakes the
complete range of the relevant activities, from design and procurement through to construction and completion. In offering these services, the Company relies
on its strong industrial production base, which allows it to manufacture original custommachine parts and to also undertake Infrastructure and Defence projects.
The Company’s largest plant is located in Volos and covers an area of 80,000 m
2
, of which 25,000 m
2
are covered spaces. Through its subsidiaries, METKA is
also operating plants in various locations across Greece (Volos, Thessaloniki, Kavala etc.) with a total area of 141,290 m
2
.
Leveraging its values and capabilities, METKA S.A. has evolved into a key global EPC contractor for specialised energy projects, focusing on the geographical
regions of Europe and the Middle East.
The Company was established in 1962 in Nea Ionia, Volos, operating under the management of the Industrial Development Organisation (later renamed Hellenic
Bank for Industrial Development), until 1971, when it was privatised. METKA S.A. was listed on the Athens Exchange in 1973, after which, through a series of
major acquisitions, it evolved into a contractor for large scale projects. In 1999, a year that was to prove a turning point in its evolution, METKA S.A. became
part of MYTILINEOS Group.
The strategic expansion of the Company to the international markets, drawing on half a century of industrial activity and on the know-how it had acquired by
constantly investing in its human resources and production infrastructures, is today showing its full potential. Its success in securing high value added projects
abroad has placed METKA S.A. in a very advantageous position globally.
EPC Projects Sector
METKA S.A.
