Mersen targets turnover growth of around 5% for 2024


(AOF) – Mersen achieved a record turnover of 1.21 billion euros in 2023, organic growth of 13.2% compared to 2022, of which around 5% is linked to price increases. The group’s current Ebitda reached 202.7 million euros, up 8.7% compared to 2022 (+14% at constant exchange rates). This improvement is largely due to positive volume and mix effects. Current operating profit reached 137.3 million euros, representing growth of 12.9% compared to 2022 (+19% at constant exchange rates).

The current operating margin was 11.3%, an increase of 40 basis points.

Net profit, group share, amounts to 81.6 million euros for the year 2023, representing growth of more than 20% compared to 2022.

The Board of Directors will propose to the general meeting of shareholders on May 16, 2024 the payment of a dividend of 1.25 euros per share in cash, stable compared to 2022. This would result in a total distribution of approximately 30 million euros, a growth of 17% compared to 2022, due to the greater number of shares linked to the capital increase. The dividend would represent 37% of the group’s net income, an increase compared to 2022 (33%).

In terms of prospects, for the year 2024, Mersen is targeting organic growth in turnover of around 5% and a current operating margin of around 11% of turnover.

It also anticipates 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 roadmap. of the group.

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