Published on Oct 25, 2023 at 6:59 p.m.
PARIS (Agefi-Dow Jones)–The industrial group Mersen on Wednesday tightened its forecast ranges concerning the growth of its turnover and the amount of its industrial investments for 2023, after having reported a turnover record for the first nine months of the year.
Over the period from January to September, turnover stood at 909.8 million euros, up 14.9% year-on-year on an organic basis. Activity grew in both divisions, namely advanced materials and electrical specialties, as well as in all geographies, the company said.
“This dynamic is particularly driven by North America and Europe, particularly by the semiconductor market,” commented Luc Themelin, CEO of Mersen, quoted in a press release.
In the third quarter alone, Mersen’s sales increased by 8.6% year-on-year on an organic basis, reaching 302.1 million euros.
For the current financial year as a whole, Mersen now expects organic growth in its turnover of between 11% and 12%, and no longer 10% to 12%. At the same time, the company forecasts that industrial investments will be between 175 million and 200 million euros this year, compared to a previous range of 150 million to 200 million euros.
The current operating margin is still expected between 11% and 11.2% in 2023.
The industrial group Mersen, formerly Carbone Lorraine, made its return 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; [email protected] 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)