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

logo Mersen & You - Letter to shareholders

Very good strategic positioning

At the end of July we published excellent results for the first half of 2021. Our remarkable performance once again illustrates our very good strategic positioning, with strong growth in sustainable development markets, which now represent 56% of our sales.

This momentum, combined with our heightened operational efficiency, also drove a sharp increase in our operating margin before non-recurring items.

I would like to thank all our teams for what they have achieved in the face of such a challenging situation over the past 18 months.

In view of the very brisk customer demand that we have experienced since the beginning of the year and confident in our solid positioning in high-growth markets such as solar power, semiconductors and electric vehicles, in early July we raised our full-year 2021 targets for sales and operating margin before non-recurring items.

We now expect full year sales to grow organically by 6% to 8% compared to 2020 and an operating margin before non-recurring items of between 9.2% and 9.6% of sales.

Luc Themelin, Chief Executive Officer