Mersen: 2020 sales down 11.4%
(CercleFinance.com) - Electrical power and advanced materials group Mersen has announced 2020 consolidated sales of 847 million euros, down 11.
4% in organic terms compared to 2019 (950.2 million euros).
Taking into account a negative FX effect of over 18 million euros and the integration of AGM Italy, GAB Neumann and Americarb, the decrease works out at 10.8%.
The main sustainable development markets (renewable energies, electronics and "green" transport) were stable over the year, while other markets contracted by 19%.
Mersen has raised its 2020 underlying operating margin target, which it now estimates will be around 8%.
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