(CercleFinance.com) – Mersen announces consolidated turnover for the year 2023 of 1,211 million euros, organic growth of 13.2%, of which around 5% is linked to price increases.
Sales for the Advanced Materials division amounted to 669 million euros, organic growth of 13.2% over the period. Sales of the Electrical Power division reached 542 million euros over the year, organic growth of 13.3% compared to 2022.
Mersen achieved consolidated revenue of 301 million euros in the 4th quarter of 2023, organic growth of 8.6%, on a high comparison basis.
‘ Based on the turnover achieved in 2023, the Group now expects to post a current operating margin for the year of around 11.3%, higher than the previous objective of between 11.0% and 11. .2%. Net industrial investments should be in line with the forecasts communicated in October 2023 (between 175 and 200 million euros)’ indicates the group.