April 19, 2018 8:27 PM ET

Electrical Equipment

Company Overview of Mersen S.A.

Company Overview

Mersen S.A. manufactures and sells electrical specialties and advanced materials worldwide. Its Advanced Materials segment offers carbon materials, anti-corrosion equipment, and power transmission technologies. The company’s Electrical Power segment provides power management solutions, and electrical protection and control products. Its products include anticorrosion and process equipment, such as heat exchangers, engineered systems, columns, pressure vessels, Graphilor bursting discs, and piping and accessories; and electrical solutions for motors and generators comprising carbon brushes, brush-holders, brush-rockers, slip-ring assemblies, signal transmission systems, pantograph strips, and...

Tour EQHO

2 avenue Gambetta

La Défense Cedex

Paris,  10077

France

Founded in 1892

6,384 Employees

Phone:

33 1 46 91 54 00

Key Executives for Mersen S.A.

Chief Executive Officer
Age: 56
Total Annual Compensation: €819.4K
CFO and Group VP of Finance & Administration
Age: 46
Total Annual Compensation: €317.3K
Compensation as of Fiscal Year 2016.

Mersen S.A. Key Developments

Mersen S.A. Presents at CM-CIC ESN European Conference, Mar-22-2018

Mersen S.A. Presents at CM-CIC ESN European Conference, Mar-22-2018 . Venue: Pavillon Cambon-Capucines, 46 Rue Cambon, 75001, Paris, France.

Mersen S.A. Proposes Increase in Dividends

Mersen S.A. announced that it will propose to the Annual Shareholder Meeting a strong increase to the dividend, 50% increase. So this is a payout of 38%, so that's $0.75 per share. Total cash payout will be EUR 15.5 million paid out in 2018.

Mersen S.A. Announces Consolidated Earnings Results for the Full Year Ended December 31, 2017; Provides Earnings Guidance for the Full Year of 2018

Mersen S.A. announced consolidated earnings results for the full year ended December 31, 2017. For the period, the company reported consolidated sales of EUR 809.2 million against EUR 759.0 million a year ago. Operating income before non-recurring items was EUR 74.6 million against EUR 57.3 million a year ago. EBITDA was EUR 114.0 million against EUR 95.2 million a year ago. Net income from continuing operations was EUR 39.2 million against EUR 8.3 million a year ago. Net income for the period was EUR 40.0 million against EUR 3.2 million a year ago. Net cash generated by continuing operating activities was EUR 64.4 million against EUR 83.2 million a year ago. Net cash generated by operating activities was EUR 64.2 million against EUR 80.5 million a year ago. Capital expenditure was EUR 36.7 million against EUR 29.5 million a year ago. Net debt at year-end 2017 stood at 178.1 million, down 24.7 million from the 202.8 million reported at December 31, 2016. At constant exchange rates, the decrease was 15.3 million. Net income attributable to Group equity holders was EUR 37.6 million against EUR 1.8 million a year ago. The company provided earnings guidance for the full year of 2018. The current favorable economic environment indicates a new year of growth for Mersen in 2018 as the Group benefits from two drivers: growth in its key markets and strong dynamic activity across Asia. The competitiveness plan will be finalized during the year and Mersen will continue to deploy its Excellence Journey to improve its performance. Accordingly, the Group anticipates like-for-like sales growth of between 3% and 6% in 2018 for a current operating margin of between 9.6% and 10.1% (9.2% in 2017). These forecasts factor in an increase in prices within the Advanced Materials segment. Given the acceleration in some of its buoyant markets, such as solar and electronics, and the development of new products for the electric vehicles market, capital expenditure in 2018 is expected to reach a high of between EUR 45 million and EUR 50 million (excluding investments scheduled in the competitiveness plan) to meet current demand and prepare for 2019.

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