Mersen

MRN

FR0000039620

Consumer Goods Conglomerates

Market Closed - Euronext Paris Other stock markets 11:35:25 2024-05-03 am EDT			5-day change	1st Jan Change
35.45 ^EUR	+1.43%		-0.14%	+0.71%

Apr. 26	Mersen: Amiral Gestion below 5% of share capital	CF
Apr. 24	Mersen: sales growth of around 7% in Q1	CF

Mersen : First-quarter 2024 sales presentation

April 24, 2024 at 11:56 am EDT

Sales Q1 2024

Luc Themelin

Thomas Baumgartner

April 24th,2024

A new record-breaking first quarter

RECORD QUARTERLY

SALES

BALANCED CONTRIBUTION OF THE 2 SEGMENTS AND 4 GEOGRAPHIES

ANNUAL GUIDANCE

CONFIRMED

Mersen - Q1 2024 Sales

Organic sales growth of + 7 % for Q1

			313
			Q1 2024
220			€ 313m
			Organic
			growth
			+ 7%
2021	2022	2023	2024

Reported Sales (€m)

Mersen - Q1 2024 Sales

Growth across all regions

NORTH AMERICA

€121 m

Organic growth
+ 6.7 %	SOUTH AMERICA
AFRICA

€10 m

Organic growth

+ 7.1 %

EUROPE

€105 m

Croissance organique

+ 5.8 %

ASIA-PACIFIC

€77 m

Organic growth

+ 8.1 %

Mersen - Q1 2024 Sales

Solid organic growth (+7 %), thanks to SiC semi-conductorsand transportation markets

CHEMICAL

15%	34%
PROCESS INDUSTRIES
TRANSPORTATION

313 M€

+7%*

19%	23%
ENERGIES

		ELECTRONICS

ORGANIC GROWTH

Q1 2024 vs Q1 2023

+20% - +50%

+10% - +20%

+0% - +10%

-5% - 0%

* Organic growth Q1 2024 vs Q1 2023

Mersen - Q1 2024 Sales

2024 guidance confirmed

ORGANIC SALES

GROWTH

Around 5 %

Strong growth in the SiC semiconductors market
Stability in the renewable energy market
Growth still limited in the EV market, with deliveries scheduled to start for ACC
Growth in process industries dependent on the economic environment

OPERATING MARGIN BEFORE NON-RECURRING ITEMS

Around 11 %

of sales

Positive volume effect, negative mix effect
Wage and energy inflation partially offset by price increases
Additional resources for EV and p-SiC
Increase in depreciation and amortization

CAPITAL EXPENDITURE

Between

€200m and €240m

Includes €110m-150m of capital expenditure as part of the 2027 medium-termplan
Current capital expenditure, other growth projects and safety and environmental investments: around 6.5% of sales

Mersen - Q1 2024 Sales

QUESTIONS ?

Mersen - Q1 2024 Sales

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Disclaimer

Mersen SA published this content on 24 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 April 2024 15:55:46 UTC.

Latest news about Mersen

Mersen: Amiral Gestion below 5% of share capital	Apr. 26	CF
Mersen: sales growth of around 7% in Q1	Apr. 24	CF
Transcript : Mersen S.A., Q1 2024 Sales/ Trading Statement Call, Apr 24, 2024	Apr. 24
Transcript : Mersen S.A., 2023 Earnings Call, Mar 13, 2024	Mar. 13
Mersen: to benefit from subsidies of over 12 ME	Mar. 12	CF
Mersen: targets sales growth of around 5% in 2024	Mar. 12	CF
Mersen S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 12	CI
Mersen: Janus Henderson falls below 5% of share capital	Feb. 14	CF
Mersen: expands its offering on the Indian market	Feb. 08	CF
MERSEN : Berenberg initiates 'buy' coverage	Feb. 07	CF
Mersen: Janus Henderson Investors UK tops the 5% mark	Feb. 01	CF
Mersen: 13.2% increase in sales for 2023	Jan. 25	CF
Transcript : Mersen S.A., Q4 2023 Sales/ Trading Statement Call, Jan 25, 2024	Jan. 25
Mersen: global technical partnership with Canon	Jan. 18	CF
Mersen: changes to the Board of Directors	Jan. 09	CF
Mersen: technological contribution to the Euclid mission	Dec. 05	CF
Mersen: Amiral Gestion exceeds 5% of share capital	Nov. 21	CF
Mersen: contribution to RER NG	Nov. 17	CF
Mersen: confirms financial targets for 2023	23-10-25	CF
Transcript : Mersen S.A., Q3 2023 Sales/ Trading Statement Call, Oct 25, 2023	23-10-25
Mersen: Amiral Gestion falls below 5% of share capital	23-09-20	CF
Transcript : Mersen S.A., H1 2023 Earnings Call, Jul 28, 2023	23-07-28
Mersen S.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-27	CI
MERSEN : Oddo BHF confirms its recommendation on the stock	23-06-13	CF
Mersen: Amiral Gestion crosses the 5% capital threshold	23-05-15	CF

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Company Profile

Global Expert in electrical specialties and graphite-based materials, Mersen designs innovative solutions to address its client's specific needs to enable them to optimize their manufacturing process in sectors such as energy, transportation, electronics, chemical, pharmaceutical and process industries. Net sales break down by family of products as follows: - advanced materials (55.3%): graphite anticorrosion equipment (world No. 1), brushes and brushholders for industrial electric motors (world No. 1), and high-temperature applications of isostatic graphite (world No. 2); - electrical power (44.7%): solutions for energy management (namely power electronics; world No. 1 supplier of passive components for power electronics), electric protection and monitoring (world No. 2 in industrial fuses manufacturing) and current collection for the rail market (world No. 1). At the end of 2023, the group had 51 manufacturing sites worldwide. Net sales are distributed geographically as follows: France (7.1%), Europe (25.7%), North America (38.2%), Asia/Pacific (25.7%) and other (3.3%).

Sector

Consumer Goods Conglomerates

Calendar

2024-07-01 - Ex-dividend day for final dividend

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Income Statement Evolution

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Ratings for Mersen

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

35.45 EUR

Average target price

50.1 EUR

Spread / Average Target

+41.33%

Consensus

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Quarterly revenue - Rate of surprise

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Consumer Goods Conglomerates

Mersen

Equities

MRN

FR0000039620

Consumer Goods Conglomerates

Mersen : First-quarter 2024 sales presentation

Latest news about Mersen

Chart Mersen

Company Profile

Income Statement Evolution

Ratings for Mersen

Analysts' Consensus

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Consumer Goods Conglomerates