MERSEN (FR:MRN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Mersen has announced a two-year delay in achieving its medium-term financial targets due to a temporary slowdown in the electric vehicle and SiC semiconductor markets. Despite this, the company remains optimistic about its growth trajectory, underpinned by strong positions in energy transition markets and a more profitable, cash-generating model. The revised goals aim for revenue of 1.7 billion euros, with improved margins and a continued focus on sustainability-oriented sectors.
For further insights into FR:MRN stock, check out TipRanks’ Stock Analysis page.