Mersen jumps on stronger-than-expected Q1 revenue

Mersen SA

29/04/2026 11:44

** Shares in Mersen CBLP.PA rise 6.6% after the company published better-than-expected revenue in Q1 and confirmed its guidance for FY

** The French electrical components maker reported Q1 revenue at 296 million euros ($346 million), up 3.1% organically, beating Portzamparc expectations

** "An excellent surprise that demonstrates the group's ability to deliver right from the first quarter," says Portzamparc in a note

** Kepler Cheuvreux flags a "solid Q1", and points to North America growth (+8.2% organically), driven by strong demand in electrical distribution, data centres and aerospace

** The management confirms FY 2026 targets, expecting a more dynamic H2 and a price-mix effect mainly in H2 to offset the rise in raw material costs

** Portzamparc expects H2 momentum, notably in EP and North America, to help the company to reach the upper end of its full-year growth guidance

** The stock is up 9.2% year-to-date, touching highest levels since September 2024

($1 = 0.8548 euros)

 (Reporting by Clement Martinot)

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