Mevaco CEO Spyros Delendas Leads Company Towards €100 Million Valuation in Photovoltaics
Mevaco’s CEO, Spyros Delendas, is nearing a €100 million market valuation, a significant increase from €8 million in 2015 and €16 million in 2020. Net profits are projected to grow from €3.1 million in 2022 to €5.0 million in 2024, with €7.4 million already achieved in the first half of 2025. The company specializes in manufacturing metal bases for photovoltaic panels, exporting globally. Delendas' strategy includes diversification into defense contracts and projects like the Ellinikon, contributing to a stock rally of +445% over five years.
Theia Market Signal Identification - AI Assisted
Mevaco, led by CEO Spyros Delendas, is approaching a market valuation of €100 million, up from €8 million in 2015. The company has seen net profits rise from negative levels in 2018 and 2020 to €3.1 million in 2022, with projections of €5.0 million in 2024 and €7.4 million in the first half of 2025.
Mevaco focuses on manufacturing metal bases for photovoltaic panels, which are key exports, using 14 production lines in Aspropyrgos. Delendas has also diversified into the defense sector, signing contracts with Intracom Defence and Naval, and participating in the Ellinikon project. The stock has surged by +445% in five years, raising speculation about potential takeover interest.
Comments