Mersen : Organic growth beats the guidance – Underlying operating margin target increased
>Full-year sales in line with our expectations - Mersen reported full-year sales of € 1,210.9m (€ 1,213.6m for our estimate, € 1,209.0m for the consensus) vs € 1,114.8m the previous year, up 8.6% and up 13.2% on an organic basis, or above the guidance for growth of +11-12%, which was fine-tuned at the Q3 sales report (+10-12%). This implies Q4 sales of € 301.1m (€ 303.7m estimated) vs € 293.6m, up 2.6% and 8.6% on an organic basis (the same as in Q3), which was a real...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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