Operator
Welcome to the convention name on Mersen’s Q3 gross sales offered by Mr. Luc Themelin, Chief Government Officer; and Thomas Baumgartner, CFO. [Operator Instructions]
I’ll now hand over to the audio system.
Luc Themelin
CEO & Director
Hiya, everybody, and welcome to this convention on Mersen’s gross sales for Q3 ’25. We posted gross sales of EUR 285 million for the quarter, representing an natural progress of minus 4.3%, which is in step with what we noticed within the first half of the yr. This brings income for the primary 9 months to EUR 895 million, representing natural progress of minus 4.1%, which is in step with the minus 4% reported on the finish of June.
We noticed contrasted tendencies in our markets in Q3, robust progress, which means double digit in rail, wind and energy digital markets, restoration within the silicon semiconductor market, low degree in comparison with final yr in SiC semiconductors. And eventually, opposite to what — to our expectations, we didn’t see a constructive turnaround within the photo voltaic market throughout this quarter.
Because of this, we have adjusted our targets for ’25 to the decrease finish for natural progress and EBITDA margin. We have additionally revised our funding plans downwards, and we’re sustaining our present working margin goal. I’ll come again in larger element to this on the finish of the presentation.
With out additional ado, over to Thomas, who’s going to present us a extra detailed evaluate of gross sales.
Thomas Baumgartner
Chief Monetary Officer
Hiya, Luc, and good day, everybody. I’ll begin by commenting the 9 months gross sales earlier than we concentrate on Q3. Income for
