Mersen announces consolidated sales for 2023 of 1,211 million euros, up 13.2% organically, of which around 5% is due to price increases.

Sales in the Advanced Materials division amount to 669 million euros, up 13.2% organically over the period. The Electrical Power division posted sales of 542 million euros for the year, up 13.3% organically on 2022.

Mersen posted consolidated sales of 301 million euros in Q4 2023, up 8.6% organically on a high basis of comparison.

' Based on sales in 2023, the Group now expects to post a recurring operating margin for the year of around 11.3%, above the previous target of between 11.0% and 11.2%. Net capital expenditure should be in line with the forecasts communicated in October 2023 (between 175 and 200 million euros)', the Group states.

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