Mersen reports sales of €302 million for the 3rd quarter, up 8.6% organically on the same period a year earlier, and up 1.3% on a reported basis.

In terms of organic growth, sales rose in both the Advanced Materals (+6.7%) and Electrical Power (+11%) divisions.

On the other hand, sales fell by 2.8% and 2.6% respectively in the Asia-Pacific and Rest of World regions (on an organic basis), but rose (again on an organic basis) by 13.4% and 14.6% respectively in Europe and North America.

Against this backdrop, the Group confirms its targets for 2023, specifying its sales and capital expenditure forecasts.

The Group is thus targeting organic growth of between 11% and 12% (compared with between 10% and 12% previously); an operating margin before non-recurring items of between 11% and 11.2% of sales; and capital expenditure of between 175 and 200 million euros (compared with between 150 and 200 million euros).

Copyright (c) 2023 CercleFinance.com. All rights reserved.