Mersen 2017 results: on-going positive momentum

Mersen 2017 results: on-going positive momentum

• Like-for-like increase in sales of 8% for the year
• Operating margin before non-recurring items of 9.2% for the year, up 170 basis points on 2016
• Very strong growth in net income (x12.5)
• Proposed dividend of €0.75 per share for 2017 (+50%)
• Outlook for 2018: another year of growth

Paris, March 7, 2018 - Mersen (Euronext FR0000039620 – MRN), a global expert in electrical power and advanced materials, has released its consolidated results for the year ended December 31, 2017.

The Board of Directors met on March 6, 2018 and approved the audited 2017 financial statements.
 

¹ Assets held for sale and reclassification of "amortization of revalued intangible assets" under "operating income before non-recurring items.

Commenting on the Group’s results, Chief Executive Officer Luc Themelin said:

“2017 was a year of growth for Mersen: like-for-like growth in sales which accelerated during the year, very strong growth in our operating margin before non-recurring items, and remarkable growth in net income. Thanks to this robust performance, the Group is pleased to be able to offer our shareholders a dividend of €0.75 per share that reflects our positive momentum and confidence going forward.

These excellent results reflect the efforts made over the past few years to adapt our business model and fully capitalize on what is currently a favorable economic backdrop.

Today, the Group’s buoyant markets and positioning in high-growth regions mean it is firmly on track to another strong performance in 2018. We will continue to pursue our Mersen Excellence Journey, and to deploy it across all Group functions, driving improvement and efficiency at every level and ensuring we rank as the best in our fields of expertise and markets in the years ahead."