(CercleFinance.com) – Mersen publishes a turnover of 297 ME for the 3rd quarter, an organic increase of 19.2% compared to the same period a year earlier.
The activity is developing (in organic growth) in all divisions, both in Advanced Materials (+23.2%) and in Electrical Power (+14.3%), as well as in all geographical areas.
In this context, Mersen indicates that it is raising its annual forecasts and is now targeting organic growth of around 13%, an EBITDA margin up by around 50 basis points, as well as industrial investments of around 90 million euros.
‘Demand remains strong with a large order book which allows us to anticipate an even better year than expected in terms of turnover and profitability, thus demonstrating our ability to meet demand and pass on, up to present, cost increases in an inflationary environment,” said Luc Themelin, Chief Executive Officer of Mersen.
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