on MERSEN (EPA:MRN)
Mersen Updates Financial Targets at Capital Market Day
Mersen, a global leader in electrical power and advanced materials, held its Capital Market Day in Paris. The company has transformed into a more profitable and cash-generating enterprise while positioning itself in energy transition markets. Despite a temporary slowdown in the electric vehicle and SiC semiconductors sectors, Mersen's other markets remain robust.
Mersen confirmed that its medium-term financial targets, initially set for 2027, will now be achieved by 2029. These include a sales target of €1.7 billion, an operating margin of 12%, and an EBITDA margin of 19%. The company also aims for a ROCE of 13%.
CEO Luc Themelin highlighted that 2025 will be a transition year but expressed confidence in the company's growth trajectory, supported by its global expertise in electrical specialties and advanced materials.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all MERSEN news