Mersen – 2024 Third Quarter Sales

Mersen: nine-month sales of €933 million, with organic growth of 3.7%

• More traditional markets such as rail, aeronautics and process industries held up well in the third quarter
• Lower organic growth in the third quarter than in previous quarters:
  • impact of the sharp drop in the solar market in China due to overstocking of solar cells
  • slowdown in sales to the silicon semiconductor manufacturers (high customer inventories of our components)
• 2024 guidance revised downwards due to weaker momentum in the solar and semiconductor markets:
  • …