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    MRN   FR0000039620

MERSEN

(MRN)
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Mersen : raises its guidance for 2021

07/08/2021 | 12:54pm EDT

Paris, July 8, 2021 - Mersen (Euronext FR0000039620 - MRN), a global expert in electrical power and advanced materials, announces today, in compliance with the European Market Abuse Regulation (MAR), that it is raising its full-year 2021 targets for sales and operating margin before non recurring items.

Accordingly, the Group is revising its full-year 2021 guidance upwards, and now expects:

  • organic sales growth of between 6% and 8% (versus 2% and 6% previously);
  • operating margin before non-recurring items of between 9.2% and 9.6% of sales (versus 8% and 8.8% previously).

The revised guidance is based on the trends observed in first-half 2021, which show:

  • a faster-than-expected rebound in business in North America and Europe, particularly in process industries;
  • continued dynamism in Asia;
  • strict cost discipline resulting from Mersen's productivity plans;
  • a favorable product mix.

Mersen's Chief Executive Officer, Luc Themelin, said: 'The Group is seeing a better-than-expected rebound in business in North America and Europe, and we are also capitalizing on our operational efficiency plans and strict cost discipline. In light of these trends and the responsiveness of our teams, we are raising our full-year 2021 guidance for sales and, even more sharply, for operating margin before non-recurring items. We are therefore heading into the second half of the year with confidence, buoyed by the very brisk customer demand observed since the start of the year and our positions on upbeat sustainable development markets.'

The Group will publish its first-half 2021 results on July 30, 2021, before the opening of the stock market.

---

ABOUT MERSEN

Mersen is a global expert in electrical specialties and advanced materials for high-tech industries. With more than 50 industrial sites and 16 R&D centers in 35 countries around the world, Mersen develops custom-built solutions and delivers key products for clients in order to meet the new technological challenges shaping tomorrow's world. For over 130 years, Mersen has focused tirelessly on innovation to accompany its clients and meet their needs. Be it in wind power, solar power, electronics, electric vehicles, aeronautics, space or countless other sectors, wherever technology is progressing, you will always find a bit of Mersen.

The 'Mersen IR' app, which is specially designed for investors, is available for both iOS and Android devices and can be downloaded from Apple's App Store or Google Play on your smartphone or tablet.
You can also scan the QR code below:

INVESTOR AND ANALYST CONTACT
Véronique Boca
VP, Communication Mersen
Tel. + 33 (0)1 46 91 54 40
Email: dri@mersen.com

MEDIA RELATIONS
Guillaume Maujean
Xavier Mas
Brunswick
Tel.: +33 (0)1 85 65 83 45
Email: mersen@brunswickgroup.com

Disclaimer

Mersen SA published this content on 08 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2021 16:23:27 UTC.


ę Publicnow 2021
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Financials
Sales 2021 908 M 1 066 M 1 066 M
Net income 2021 50,4 M 59,2 M 59,2 M
Net Debt 2021 219 M 256 M 256 M
P/E ratio 2021 13,1x
Yield 2021 2,53%
Capitalization 665 M 780 M 780 M
EV / Sales 2021 0,97x
EV / Sales 2022 0,91x
Nbr of Employees 6 866
Free-Float 98,5%
Chart MERSEN
Duration : Period :
Mersen Technical Analysis Chart | MRN | FR0000039620 | MarketScreener
Technical analysis trends MERSEN
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 32,00 €
Average target price 37,13 €
Spread / Average Target 16,0%
EPS Revisions
Managers and Directors
Luc Themelin Chief Executive Officer & Director
Thomas Baumgartner Chief Financial Officer & Group VP-Administration
Olivier Legrain Chairman
Christophe Bommier Chief Technology Officer, Group VP-Research
Carolle Foissaud Independent Director
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