Mersen: falls after target revision

(CercleFinance.com) - Mersen is down nearly 9% on the heels of a quarterly trading update marked by a downward revision of its guidance for 2024, due to weaker momentum in the solar and semiconductor markets.


The expert in electrical specialties and advanced materials now expects organic sales growth of between 1 and 2% (instead of around 5%) and a current operating margin of between 10 and 10.5% (compared with around 11% previously).

In the first nine months of the year, Mersen posted sales of €933 million, representing organic growth of 3.7% compared with 2023, of which around 2.5% was due to price increases.

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