Mersen S.A. (CBLNY) Q1 2026 Sales/Trading Call Transcript
Mersen S.A. reported Q1 2026 sales of EUR 296 million, marking a return to organic growth of 3.1%, driven by an 8.7% increase in the Electrical Power segment and strong 8.2% growth in North America. Currency headwinds from the U.S. dollar and RMB depreciation reduced reported sales by EUR 17 million. CEO Luc Themelin delivered his final quarterly presentation before handing over to incoming CEO Salvador Lamas. Management highlighted structural demand in electrification, grid infrastructure, and data centers as key growth drivers.
- ▪Mersen S.A. reported Q1 2026 sales of EUR 296 million, with organic growth of 3.1%.
- ▪The Electrical Power segment grew 8.7% organically, driven by demand in electrification, grid infrastructure, and data centers.
- ▪North America delivered 8.2% organic growth during the quarter.
- ▪Currency fluctuations, mainly from the U.S. dollar and RMB, negatively impacted sales by EUR 17 million.
- ▪CEO Luc Themelin is set to hand over to Salvador Lamas within a month.
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