Mersen: confirms targets for 2024

(CercleFinance.com) - Mersen posted sales of E311m in Q2 2024, up 3.
1% LFL compared with Q2 2023.

H1 2024 sales reached E624m. Organic growth was 4.9% y-o-y, of which around 2.5% was due to price increases.

Recurring EBITDA totaled E105.5m, up almost 5% y-o-y, or 16.9% of sales, up relative to June 2023 (16.5%). Group operating income before non-recurring items totaled E70.1m in H1 2024, representing an operating margin before non-recurring items of 11.2% of sales, in line with H1 2023 (11.3%) and annual targets (around 11%).

Group share of net income for the period came to E38.9m, compared with E43.9m at 30 June 2023.

Based on H1 2024 results, the group confirms its targets for FY 2024, expecting organic growth of around 5%, an operating margin before non-recurring items of around 11%, and capex of E200m to E240m.


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