Report
Jean-François Granjon

Mersen : Meilleur S1 mais une visibilité toujours limitée

>Résultats semestriels supérieurs à nos attentes - Mersen publie des résultats supérieurs nos attentes. Le CA semestriel traduit un net repli de 11.1% et de 13.4% en organique. Alors que le T1 avait déjà été largement affecté par son exposition Chine (-8.9% en organique), le T2 affiche pour sa part une baisse de 18% en organique largement impacté par la crise sanitaire en Europe et en Amérique du Nord. Le ROC ressort pour sa part à 34.7 M€ (20.9 M€ estimés) vs 53.6 M€...
Underlying
Mersen SA

Mersen produces materials and electrical components intended for alternative energies, chemicals and pharmaceuticals, rail transportation, electronics and process industries. Co. divides its operations into two segments: Advanced Materials and Technologies (AMT - Materials), and Electrical Components and Technologies (ECT - Electrical). In addition, Co. produces four types of products: Electrical Applications, Electrical Protection, High-Temperature Applications, and Anticorrosion Equipment. Co. also caters to the process industries, supporting their transition towards greater energy efficiency and boasts an efficient manufacturing base with plants employing the very latest technologies.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean-François Granjon

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