Mersen achieved record sales in the first nine months of the year – October 25, 2023 at 7:00 PM.
Économie

Mersen achieved record sales in the first nine months of the year – October 25, 2023 at 7:00 PM.

PARIS (Agefi-Dow Jones)–The industrial group Mersen on Wednesday tightened its forecasts regarding the growth of its turnover and the size of its industrial investments for 2023, after reporting a record turnover for the first nine months of the year .

For the period from January to September, sales amounted to 909.8 million euros, an organic increase of 14.9% year on year. Activity grew in both divisions, namely advanced materials and electrical specialties, and in all geographic areas, the company said.

“This dynamic is mainly driven by North America and Europe, especially by the semiconductor market,” said Luc Themelin, CEO of Mersen, quoted in a press release.

In the third quarter alone, Mersen’s sales increased organically by 8.6% year-on-year to EUR 302.1 million.

For the current financial year as a whole, Mersen now expects organic sales growth of between 11% and 12%, and no longer between 10% and 12%. At the same time, the company forecasts that industrial investments this year will be between 175 million and 200 million euros, compared to a previous range of 150 million to 200 million euros.

The current operating margin is still expected to be between 11% and 11.2% in 2023.

The Mersen industrial group, formerly Carbone Lorraine, returned to the SBF 120 index last March, more than a decade after leaving it.

-Vincent Alsuar, Agefi-Dow Jones; +33 (0)1 41 27 47 39; valsuar@agefi.fr ed: JEB

MERSEN PRESS RELEASE:

https://www.mersen.com/fr/publications?page=0

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October 25, 2023 12:59 ET (16:59 GMT)

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