MERSEN (FR:MRN) has released an update.
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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.
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