Mersen’s 3rd Quarter Turnover: Organic Growth of 8.6% and Exciting Outlook for 2023

2023-10-25 16:21:31

Mersen publishes a turnover of 302 ME for the 3rd quarter, an organic increase of 8.6% compared to the same period a year earlier and +1.3% in published data.

In organic growth, activity is progressing both for the Advanced Materals division (+6.7%) and for Electrical Power (+11%).

On the other hand, activity fell by 2.8% and 2.6% respectively in the Asia Pacific and Rest of the World regions (organically), but grew (still organically) by 13.4% and 14.6% respectively. in Europe and North America.

In this context, the group confirms its objectives for the year 2023 and specifies its forecasts for turnover and industrial investments.

The group is therefore targeting organic growth of between 11% and 12% (compared to between 10% and 12% previously); a current operating margin between 11% and 11.2% of turnover and industrial investments of between 175 and 200 million euros (compared to between 150 and 200 million euros).

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