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March 29, 2015 2:13 PM ET

Electrical Equipment

Company Overview of Mersen S.A.

Company Overview

Mersen S.A. engages in the materials and electrical businesses worldwide. Its Advanced Materials and Technologies segment markets a range of graphite and metal equipment. The company’s Electrical Components and Technologies segment markets components and solutions for electrical installations, as well as a range of related maintenance services. Its products and solutions include anticorrosion and process equipment, such as columns, anticorrosion materials, pressure vessels, Graphilor bursting discs, heat exchangers, engineered systems, and piping and accessories; and electrical solutions for motors and generators. The company’s products and solutions also comprise materials and solutions, su...

Immeuble La Fayette

2 place des Vosges

Courbevoie La Défense 5

Paris,  92400

France

Founded in 1892

6,368 Employees

Phone:

33 1 46 91 54 19

Key Executives for Mersen S.A.

Chairman of the Management Board
Age: 53
Total Annual Compensation: $682.7K
Chief Financial Officer and Member of the Management Board
Age: 43
Total Annual Compensation: $261.1K
Member of the Management Board
Age: 56
Total Annual Compensation: $255.8K
Member of the Management Board
Age: 54
Total Annual Compensation: $239.8K
Compensation as of Fiscal Year 2014.

Mersen S.A. Key Developments

Mersen S.A. Announces Audited Consolidated Financial Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Proposes Dividend

Mersen S.A. announced audited consolidated financial results for the year ended December 31, 2014. For the year, the company reported consolidated sales of €730.9 million against €738.8 million a year ago. Operating income before non-recurring items was €59.7 million against €59.8 million a year ago. Operating income was €21.7 million against €9.3 million a year ago. Net income attributable to shareholders was €2.1 million against net loss attributable to shareholders of €29.2 million a year ago. EBITDA was €95.8 million against €100.0 million a year ago. Net cash from continuing operating activities was €65.8 million against €86.3 million a year ago. Capital expenditure was €32.0 million against €27.8 million a year ago. Net debt as on December 31, 2014 was €216.0 million against as on December 31, 2013 of €212.0 million a year ago. Currency effects had a negative impact of €7.4 million on sales over the full year, with appreciation in the US dollar at the end of year partially offsetting the strength of the euro early in the year. Cirprotec's full-year contribution totaled 10.4 million. The group achieved organic growth of 2% on 2013, excluding the chemicals market in which performance suffered from comparison base with the Sabic contract and from weak demand. In 2015, the group will focus its efforts on its growth drivers particularly the renewable energies and electronics markets and its operational efficiency drivers, while continuing to roll out the Transform plan. On this basis, the group expects to record sales growth on a like-for-like basis of 0 to 4% in 2015, depending on the economic environment, with the second part of the year likely to be stronger than the first. Performance in the first part of the year will suffer from comparison with the Sabic contract and the halt of sales of stainless-steel equipment. The operating margin before non-recurring items is also expected to improve tangibly in 2015, with the group targeting a range of between 8.6% and 9.4% of sales. The positive effects of the Transform plan may be offset to some extent by a persistently weak graphite pricing environment. At the Annual General Meeting on May 19, 2015, the supervisory board of Mersen S.A. will propose dividend of €0.5 per share, representing an increase of 11% compared with 2013. This would lead to a payout ratio of 34% of the Group's net income prior to the impact of non-recurring items.

Mersen S.A., Board Meeting, Mar 10, 2015

Mersen S.A., Board Meeting, Mar 10, 2015. Agenda: To approve audited 2014 financial statements.

Mersen Announces Board Changes

Mersen announced the appointment of Catherine Delcroix to the Supervisory Board as an independent director. She replaces Philippe Rollier who has reached the upper age limit specified in the articles of association. Chaired by Herv Couffin, Mersen's Supervisory Board will submit the appointment for the approval of the shareholders during the AGM on 19 May 2015. Catherine Delcroix has spent her career in engineering and industrial maintenance, primarily in the energy sector. She has served as Managing Director for Energy in the CNIM Group between 2002 and 2014, and was appointed Board member and corporate secretary of the Group in 2009.

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