Mersen Sa · EURONEXT:MRN
Mersen Sa — Q4 2024 Earnings Presentation
8 slides from Mersen Sa's earnings presentation, Jan 29, 2025
Slide 1: Sales in Q4 and FY 2024
Sales in Q4 and FY 2024 Luc Themelin Thomas Baumgartner January 29, 2025
Slide 2: Record full-year sales, exceeding latest forecasts
R e c o r d f u l l - ye a r s a l e s , e x c e e d i n g l a t e s t f o r e c a s t s RECORD SLIGHT DECLINE FULL-YEAR GUIDANCE FULL-YEAR SALES IN Q4 REVISED €1,244m Sharp decrease in solar sales Target operating margin before non-recurring items at the upper end of Slight slowdown in sales for pr
Slide 3: Record sales for the year
Record sales for the year €1,244m Organic Sales (€m) growth 2.6% 2021 2022 2024 2023 Reported sales (€m) 3 FY 2024 sales – January 29, 2025
Slide 4: Balanced full-year growth between the two segments; strong growth in North America
Balanced full-year growth between the two segments Strong growth in North America ADVANCED ELECTRICAL MATERIALS POWER EUROPE €690m €554m Organic growth Organic growth €400m Organic growth 2.6% 2.6% 1.8% NORTH AMERICA €509m ASIA-PACIFIC Organic growth €298m SOUTH AMERICA 6.3% AFRICA Organic growth €3
Slide 5: Growth in end markets over the year, with the exception of the energy market (solar)
Growth in end markets over the year, with the exception of the energy market (solar) 9% CHEMICALS + 33% 16% PROCESS INDUSTRIES TRANSPORTATION + ++ €1,244m +2.6%* 19% ENERGIES 24% - ELECTRONICS Organic growth 2024 vs 2023 ++ +10% ; +20% + Estimated breakdown of 2024 sales and + + 0% ; +10% organic tr
Slide 6: Sales virtually stable in the fourth quarter
Sales virtually stable in the fourth quarter Organic growth: -0.6%; Reported growth: 3.2% Contribution from acquisitions (net of disposals): +3.1% ▪ Sharp slowdown in solar cell manufacturing in China, as expected, slowdown in sales for semiconductors ▪ Decreased sales in the majority of European co
Slide 7: 2024 guidance
2024 guidance OPERATING MARGIN BEFORE NON-RECURRING ITEMS NET DEBT NON-RECURRING ITEMS Close to 10.5% of sales Close to €25m Below €400m – Increased volume effect due – Expenses and provisions to sales exceeding the latest mainly for the business guidance adaptation plan CAPITAL EXPENDITURE Around €
Slide 8: Any questions?
ANY QUESTIONS? 8 FY 2024 sales – January 29, 2025