Mersen Achieves Record Sales in 2024, Exceeds Guidance

Mersen announced consolidated sales of €1,244 million in 2024, marking a 2.6% organic growth. The company set a new sales record, bolstered by its robust and dynamic profile. However, slight declines were noted in Asia due to a slowdown in China's solar sector. North America saw strong growth, especially in aeronautics and chemicals, while Europe experienced moderate gains. The company's operating margin is forecasted to approach 10.5%.

Advanced Materials reached €690 million in sales, benefiting from the transportation market, though solar and semiconductor segments faced challenges. Electrical Power sales amounted to €554 million, driven by resilient demand in electric vehicles and transportation. Despite a minimal decline in the fourth quarter, acquisitions helped maintain positive growth.

Looking forward, Mersen anticipates its operating margin to be at the high end of predictions. The company plans to maintain its investment and expects net debt to stay below the forecasted range.