Mersen : A more cautious tone - target price adjusted to € 46 (vs € 50)
>Markets still buoyant over a long period - The messages delivered during the interim publications (see our comments of 30 and 31 July 2024) were a fairly good omen for validating the targets of the 2027 plan. As a reminder, the SiC activity posted interim revenue growth of more than 20% to € 50m. The same was true revenue at the EV business with € 13m. The other activities also performed well (chemicals, process industry, transport, etc.), justifying consolidated hal...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.
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.
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