Mersen: raises 2017 growth forecasts.
(CercleFinance.com) - Mersen has reported Q3 2017 consolidated turnover of 198 million euros, up 9.
2% in organic terms.
The negative FX impact of 6 million euros is half due to the depreciation of the US dollar.
Over the first 9 months of 2017 the group's adjusted consolidated turnover reached 608 million euros, up significantly (over 6%) relative to last year.
The group now expects FY organic growth (excluding changes in its consolidation scope and FX factors) of between 7% and 8%, with a very significant increase in its underlying operating margin.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
2% in organic terms.
The negative FX impact of 6 million euros is half due to the depreciation of the US dollar.
Over the first 9 months of 2017 the group's adjusted consolidated turnover reached 608 million euros, up significantly (over 6%) relative to last year.
The group now expects FY organic growth (excluding changes in its consolidation scope and FX factors) of between 7% and 8%, with a very significant increase in its underlying operating margin.
Copyright (c) 2017 CercleFinance.com. All rights reserved.