MERSEN (EPA:MRN) - Mersen raises its guidance for 2021

Transparency directive : regulatory news

08/07/2021 17:40

PRESS RELEASE

                      MERSEN RAISES ITS GUIDANCE FOR 2021

PARIS, JULY 8, 2021 - Mersen (Euronext FR0000039620 - MRN), a global expert in
electrical power and advanced materials, announces today, in compliance with
the European Market Abuse Regulation (MAR), that it is raising its full-year
2021 targets for sales and operating margin before non-recurring items.

Accordingly, the Group is revising its full-year 2021 guidance upwards, and now
expects:

* organic sales growth of between 6% and 8% (versus 2% and 6% previously);

* operating margin before non-recurring items of between 9.2% and 9.6% of sales
(versus 8% and 8.8% previously).

The revised guidance is based on the trends observed in first-half 2021, which
show:

* a faster-than-expected rebound in business in North America and Europe,
particularly in process industries;

* continued dynamism in Asia;

* strict cost discipline resulting from Mersen's productivity plans;

* a favorable product mix.

Mersen's Chief Executive Officer, Luc Themelin, said: "The Group is seeing a
better-than-expected rebound in business in North America and Europe, and we
are also capitalizing on our operational efficiency plans and strict cost
discipline. In light of these trends and the responsiveness of our teams, we
are raising our full-year 2021 guidance for sales and, even more sharply, for
operating margin before non-recurring items. We are therefore heading into the
second half of the year with confidence, buoyed by the very brisk customer
demand observed since the start of the year and our positions on upbeat
sustainable development markets."

The Group will publish its first-half 2021 results on July 30, 2021, before the
opening of the stock market.

ABOUT MERSEN

Mersen is a global expert in electrical specialties and advanced materials for
high-tech industries. With more than 50 industrial sites and 16 R&D centers in
35 countries around the world, Mersen develops custom-built solutions and
delivers key products for clients in order to meet the new technological
challenges shaping tomorrow's world. For over 130 years, Mersen has focused
tirelessly on innovation to accompany its clients and meet their needs. Be it
in wind power, solar power, electronics, electric vehicles, aeronautics, space
or countless other sectors, wherever technology is progressing, you will always
find a bit of Mersen.

For more information, please consult Mersen's website: www.mersen.com

CONTACTS

MERSEN CONTACT                 MERSEN MEDIA CONTACT
Véronique Boca                 Guillaume Maujean/Xavier Mas
Mersen                         Brunswick
Tel.: +33 (0)1 46 91 54 40     Tel.: +33 (0)1 85 65 83 83
dri@mersen.com                 Email: mersen@brunswickgroup.com

WWW.MERSEN.COM

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