Mersen's First-Half 2025 Results Align with Expectations

On July 31, 2025, Mersen, a global expert in electrical power and advanced materials, reported its first-half results, showing sales of €610 million, a decline of 2.2% compared to the first half of 2024. The EBITDA margin was 16.0%, while the operating margin before non-recurring items stood at 9.5%. Despite lower sales, Mersen's net cash from operating activities increased by over 40% compared to the same period last year.

The company faced challenges in the solar and SiC semiconductor markets but experienced growth in electrical distribution in the US and various projects across power electronics, aeronautics, and rail sectors. Mersen maintained a stable net debt of €380 million and upheld its full-year 2025 guidance, anticipating steady or increased sales, and operating margins between 9% and 9.5% of sales.