Letter to shareholders
In addition to the meetings with shareholders that the Group holds regularly, Mersen sends out to its shareholders a semi-annual letter to provide insight into the Group, its strategy, its business lines and its Fundamentals.
MESSAGE FROM THE CEO
Dear fellow shareholder,
The first six months of 2018 marked another period of strong growth for your company.
Our results were very satisfactory, with a sharp increase in consolidated sales and double-digit organic growth thanks to our positioning in fast-growing markets and the commitment of our teams, and a significant improvement in margins led by the operational efficiency plan rolled out two years ago.
We also completed several acquisitions during the period which are presented here and which will notably strengthen our presence in power electronics, one of our core markets.
This positive trend is expected to last through the rest of the year, thanks to the Group’s solid fundamentals and positioning in expanding markets.
I would like to congratulate all of our employees for their contribution to these strong results, and thank all of you for your steadfast confidence and loyalty.
Chief Executive Officer