(AOF) – Mersen reported sales of €255 million in the first quarter, with organic growth of 12%. Price increases contributed around 3% to growth. All regions are growing, especially North America (+15.2% to 84.2 million euros) and Europe (+12.7% to 88.4 million euros). The Advanced Materials business remains the leading contributor with activities of €141.1 million, while the Electrical Power business posted a 13.1% increase to €114.3 million.
Luc Themelin, Group Chief Executive Officer, stated: “Mersen delivered an excellent performance in the first quarter. The momentum of our sales accelerated at the beginning of the year, enabling the group to reach record quarterly sales levels. […] We confirm our outlook for 2022, especially thanks to the buoyant renewable energy and semiconductor markets.”
However, the global expert in electro specialties and advanced materials says he is alert to the situation in Ukraine, the impact of which the group cannot measure at this time. It therefore continues to target organic growth of 3% to 6% in 2022 and a current operating margin of around 10%.
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