While the entire market is now talking about the negative effects of trade tariffs, Evangelos Mytilineos may feel great relief from the fact that he has chosen Europe, staying away from the US.
This is a decision, which is ultimately considered to be absolutely beneficial, if we take into account the uncertainty and volatility that affect all listed companies dealing with the US continent.
The founder and head of Metlen, which is currently worth almost 6 billion euros on the board of the Athens Stock Exchange (a few days ago it reached 6.1 billion euros or 43 euros/share), has zero exports to the US, having preferred to operate mainly in Europe and other markets.
This, in the current circumstances, offers him significant “relief”, as it leaves him out of the great loss we are witnessing – although no one can rule out the secondary effects of a possible slowdown in global growth.
Evangelos Mytilineos may also feel justified choosing to list Metlen on the UK Stock Exchange, where the company has significant activity. And this is because the City of London seems the least vulnerable to Donald Trump’s aggressive trade policy.
It should be noted that US tariffs on Britain amount to just 10% (compared to 20% in the EU), with the British FTSE 100 index presenting a better image compared to the European stock exchanges, including the Greek one.
Meanwhile, the next few days are considered extremely important for Evangelos Mytilineos, as he has been invited to London for the Capital Markets Day on April 28 where he will present the company’s updated goals, which will incorporate the large investments in Energy, Raw Materials and Defense.
