Mersen jumps after strong Q3 sales, guidance upgrade

Mersen SA

Thu 09:19

** Shares in Mersen CBLP.PA jump 6.7% after the French electrical components maker reported better-than-expected Q3 revenue and raised its 2026 organic growth guidance 
** It posted Q3 revenue of €329.2 million ($366.96 million), above the Portzamparc expectation of €316.2 million
** Portzamparc says the Electrical Power division delivered the biggest positive surprise, driven by demand from data centres and power electronics projects, while electric vehicle and wind energy markets also showed favourable trends
** It notes the Advanced Materials division returns to organic growth for the first time since the third quarter of 2024, supported by silicon carbide and aerospace
** The company also raised its organic sales growth for 2026 to 6.5%-7.5% from 4%-6% previously
** Including today's gains, the stock is up 75.68% year-to-date
     
     
($1 = 0.8971 euros)

(Reporting by Clement Martinot)
((Clement.Martinot@thomsonreuters.com;))