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Mersen S.A. (CBLNY) Q1 2026 Sales/Trading Call April 28, 2026 12:00 PM EDT
Company Participants
Luc Themelin – CEO & Director
Thomas Baumgartner – Chief Financial Officer
Salvador Lamas – Group Chief Operating Officer
Conference Call Participants
Thomas Renaud – Kepler Cheuvreux, Research Division
Jean-Francois Granjon – ODDO BHF Corporate & Markets, Research Division
Presentation
Operator
Welcome, ladies and gentlemen. Welcome to Mersen 2026 First Quarter Sales Presentation. The webcast will be structured in 2 parts. First, a presentation by the Mersen management team represented by Luc Themelin, Group CEO; Salvador Lamas, Group COO; and Thomas Baumgartner, Group CFO. [Operator Instructions] I will now hand the call to Luc Themelin to begin today’s call. Please go ahead.
Luc Themelin
CEO & Director
Thank you. I’m happy to introduce this presentation for the last time. As you know, I will hand over to Salvador in less than 1 month. But about the quarter 1, we have a positive set of results to share. It actually marks a return to quarterly organic growth with plus 3.1%. All in all, reported Q1 2026 sales of EUR 296 million with 2 main highlights: robust growth in the Electrical power segment with organic growth of plus 8.7%. Electrical power is increasingly acting as a key growth engine for the group, supported by strong structural demand around electrification, grid deficiency and data centers. Positive momentum in North America with 8.2% organic growth for the period.
As far as exchange rates are concerned, we have a negative impact of EUR 17 million mainly linked to the depreciation of the U.S. dollar and the RMB. I remind you that this does not impact our competitiveness. It is purely a commercial effect. I will now turn over to Salvador and Thomas for more details.
Thomas Baumgartner
Chief Financial Officer
Thank
