(CercleFinance.com) – Mersen announces consolidated turnover of 312.5 million euros for the first quarter of 2024, organic growth of almost 7% compared to the first quarter of 2023.
Sales from the Advanced Materials division amounted to 172 million euros in the first quarter of 2024, organic growth of 8.9% compared to the same period last year. Sales of the Electrical Power division reached 140 million euros over the quarter, representing organic growth of 4.2%.
The Group is confident in its ability to achieve its objectives for the year 2024. It is targeting organic growth in turnover of around 5% and a current operating margin of around 11% of turnover.
Management announces industrial investments which should be between 200 and 240 million euros, depending on the pace of execution of the projects, including 110 to 150 million euros linked to investments in the growth plan, in accordance with the statement of Group route.