Mersen SA
PAR:MRN
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Mersen SA
Mersen SA provides materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment. The company is headquartered in Paris, Ile-De-France and currently employs 6,968 full-time employees. The company went IPO on 2010-05-20. The firm's activities are divided into four segments: Anticorrosion and Process Equipment which produces mixers, pressure vessels and anticorrosion systems, among others; Electrical Solutions for Motors and Generators which is involved in manufacture of carbon brushes, anti-static brushes, signal travel systems, among others; Advanced Materials and Solutions for High Temperature which produces mechanical and friction materials, refractory graphite parts, among others; and Safety & Reliability for Electrical Power which is involved in cooling of power electronics, among others. In July 2013, it sold its activities at the Gresy-sur-Aix site in the Savoie region of France. In December 2013, it sold activities specialized in stirrers and mixers and in metal plate heat exchangers.
Mersen SA provides materials and solutions for extreme environments as well as in the safety and reliability of electrical equipment. The company is headquartered in Paris, Ile-De-France and currently employs 6,968 full-time employees. The company went IPO on 2010-05-20. The firm's activities are divided into four segments: Anticorrosion and Process Equipment which produces mixers, pressure vessels and anticorrosion systems, among others; Electrical Solutions for Motors and Generators which is involved in manufacture of carbon brushes, anti-static brushes, signal travel systems, among others; Advanced Materials and Solutions for High Temperature which produces mechanical and friction materials, refractory graphite parts, among others; and Safety & Reliability for Electrical Power which is involved in cooling of power electronics, among others. In July 2013, it sold its activities at the Gresy-sur-Aix site in the Savoie region of France. In December 2013, it sold activities specialized in stirrers and mixers and in metal plate heat exchangers.
Strong Q3 Sales: Mersen reported Q3 sales of EUR 233 million, nearly matching 2019's pre-pandemic levels and up 12% compared to 2020.
Guidance Raised: The company raised its full-year guidance, now targeting the top of its previous 6–8% organic growth range and a slightly higher operating margin.
Growth Markets: Solar, semiconductors, and electric vehicle segments continued to outperform, driving overall results.
Division Performance: Advanced Materials saw organic growth over 11%, while Electrical Power grew more than 7%.
Cost Management: Rising energy and material costs are being mitigated by price increases and productivity gains.
Adaptation Plan: EUR 16 million in savings expected for the year, in line with earlier plans.
Supply Chain: Some delivery delays due to strong demand, especially in North America, but no major risks reported.
M&A Activity: Mergers and acquisitions are on hold due to pandemic-related travel restrictions, especially in China.
