Mersen's 2025 Sales Align with Expectations Despite Challenges

Mersen, a leader in electrical power and advanced materials, recorded consolidated sales of €1.186 billion for 2025. This represents a 3.2% decline on an organic basis compared to 2024. CEO Luc Themelin emphasized the company's resilience amidst market fluctuations, with strong performances in transportation and electrical distribution sectors compensating for downturns in solar and semiconductor markets.

The Advanced Materials segment saw a 10.6% organic decrease, contrasted by a 6% growth in Electrical Power. Europe's sales slightly declined due to varied performances across countries. Asia-Pacific faced a notable 13% organic drop, largely due to a slowdown in China's solar sector. Meanwhile, North America showed modest growth, buoyed by robust electrical distribution.

Mersen projects a 9.2% operating margin and a 16% EBITDA margin for 2025. Capital expenditure is expected around €135 million, lower than earlier guidance. Long-term projections for 2029 remain confirmed, supported by the company's strategic positions in high-growth markets.