Mersen has announced consolidated sales of 312.5 million euros for the first quarter of 2024, representing organic growth of almost 7% compared with the first quarter of 2023.

Sales in the Advanced Materials division amounted to 172 million euros in the first quarter of 2024, representing organic growth of 8.9% compared with the same period last year. The Electrical Power division posted sales of 140 million euros for the quarter, representing organic growth of 4.2%.

The Group is confident in its ability to achieve its targets for 2024. It is targeting organic sales growth of around 5% and an operating margin before non-recurring items of around 11% of sales.

Management is announcing capital expenditure of between €200 and €240 million, depending on the pace of project execution, including €110 to €150 million linked to investments under the growth plan, in line with the Group's roadmap.

Copyright (c) 2024 CercleFinance.com. All rights reserved.