Mersen: targets sales growth of around 5% in 2024

(CercleFinance.com) - Electrical power and advanced materials group Mersen has reported 2023 sales of E1,211m, up 13.
2% organically on 2022, with around 5% due to price increases.

Recurring EBITDA reached E202.7m, up 8.7% on 2022 (+14% at constant exchange rates).

Meanwhile, recurring operating income was E137.3m, up 12.9% on 2022 (+19% at constant exchange rates). Mersen's operating margin before non-recurring items was 11.3%, up 40bp.

2023 nNet income, group share reached E81.6m, up over 20% from 2022.

For 2024, the group targets organic sales growth of around 5%, an operating margin before non-recurring items of around 11%, and capex of E200m and E240m.


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