Mersen: sales growth of around 7% in Q1

(CercleFinance.com) - 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.

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