Mar 13, 2025 / 09:00AM GMT
Luc Themelin - Mersen SA - Chief Executive Officer, Member of the Executive Committee, Director
Welcome to the 2024 annual results. That's Mersen's results. Now, let's perhaps say something about the past two years and what we did with our operations.
Well, in 2023, we've decided to refocus to some extent after many years of growth. As you will see, we have a growth in sale which is remarkable, which started in 2020 or perhaps a bit earlier than that. So in 2023, as you probably know, the markets were turning to us for silicon carbide semiconductors for EVs and for electric components for EVs. And therefore, we decided to change our growth strategy.
We contemplated a capital increase, which is what we did because there were massive investments to be made. And as you will see, we always talk about capital expenditure at Mersen. The level is high, and that's because at the time, we had constraints with our deliveries. You can't say that you're going to do something if your deliveries are vague. There were penalties for some contracts, so we did the job.
We changed the group quite
Full Year 2024 Mersen SA Earnings Call Transcript
Mar 13, 2025
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