Mersen reported sales of €1,211 million in 2023, up 13.2% organically on 2022, of which around 5% was due to price increases.

The Group's recurring EBITDA stands at 202.7 million euros, up 8.7% on 2022 (+14% at constant exchange rates).

Recurring operating income stands at 137.3 million euros, up 12.9% on 2022 (+19% at constant exchange rates). The operating margin before non-recurring items is 11.3%, up 40 basis points.

Group share of net income for 2023 is 81.6 million euros, up more than 20% on 2022.

For 2024, the Group is targeting organic sales growth of around 5%, an operating margin before non-recurring items of around 11% of sales, and capital expenditure of between 200 and 240 million euros.

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