Mersen: medium-term objectives postponed by two years

(CercleFinance.com) - Ahead of its investor day, Mersen announces a shift in its medium-term objectives initially set for 2017, estimating that 'the electric vehicle market and the SiC semiconductor market that depends on it, will be delayed by three years'.


As a result, the industrial group now expects sales of around 1.7 billion euros by 2019, a current operating margin of around 12%, an EBITDA margin of around 19% and a ROCE of around 13%.

Against this backdrop, Mersen is reducing the investments in its growth plan scheduled for 2023-25, to 280-290 million euros, and will accelerate its cost adaptation measures to generate around 17 million euros in savings, including three million as early as 2024.

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