Mersen

Mersen shares climbed 8.5% after Berenberg raised its recommendation from “Hold” to “Buy” and increased the price target to €50. The upgrade was justified by strong half‑year results, a raised full‑year forecast for revenue and margins, and growth in the Electrical Power division driven by data centers and grid infrastructure; the data‑center segment is expected to exceed €40m in 2026. Berenberg also sees continued healthy business for silicon semiconductors but notes weaknesses in Advanced Materials due to the solar and chemical industries, and considers the valuation of 12 times 2027 earnings to be moderate. » Więcej na de.investing.com

Mersen posted sales of €296m in Q1 2026 and recorded organic growth of 3.1%, supported by an 8.2% increase in North America and an 8.7% rise in the Electrical Power segment. Revenue in the data center area doubled to €10m, while negative currency effects weighed on reported sales by €17m. Management confirmed the full-year outlook (organic growth 2–6%) and target margins, plans investments of €90–100m, but sees risks from raw material inflation, exchange-rate volatility and continued weakness in the Chinese solar market. » Więcej na de.investing.com

Mersen reports 2025 revenue of €1,186m and an EBITDA margin of 16%, despite an organic revenue decline of 3.2% and a €37m impairment in the silicon carbide (SiC) project. The company returned to a positive free cash flow of €6m, with Electrical Power gaining organically and improving margins, while Advanced Materials shrank by 11%. Management sees no market inflection for SiC before the end of 2027 due to delays in the electric vehicle and solar markets, and guides 2026 organic growth of 2–6% and an EBITDA margin of 16% ±50 basis points. Mersen confirms mid‑term targets to 2029 (revenue around €1.7bn, EBITDA margin ~19%) and maintains the dividend at €0.90 per share. » Więcej na de.investing.com

Mersen reported full-year revenue of €1,186 million for 2026 and an organic decline of 3.2%, with currency effects weighing on the business by around €40 million. The company maintains an ongoing EBITDA margin of approximately 16% and an operating margin of 9.2% while reducing capital expenditure to €135 million. Mersen expects a slow recovery in the SiC market only by mid-2027, aims for positive free cash flow in 2026, and will release the full guidance on 18 March 2026. » Więcej na de.investing.com