Last €21.37 EUR
Change Today -0.47 / -2.15%
Volume 5.1K
As of 11:35 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

mersen (ex carbon lorraine) (MRN) Snapshot

Open
€21.78
Previous Close
€21.84
Day High
€21.78
Day Low
€21.18
52 Week High
01/13/14 - €27.90
52 Week Low
08/6/14 - €19.50
Market Cap
440.6M
Average Volume 10 Days
8.8K
EPS TTM
€-1.95
Shares Outstanding
20.6M
EX-Date
06/5/14
P/E TM
--
Dividend
€0.45
Dividend Yield
2.11%
Current Stock Chart for MERSEN (EX CARBON LORRAINE) (MRN)

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mersen (ex carbon lorraine) (MRN) Details

Mersen S.A. is engaged in the materials and electrical businesses worldwide. Its Advanced Materials and Technologies segment markets a range of graphite and metal equipment. The company’s Electrical Components and Technologies segment markets components and solutions for electrical installations, as well as a range of related maintenance services. Its products and solutions include anticorrosion and process equipment, such as columns, anticorrosion materials, pressure vessels, GRAPHILOR bursting discs, heat exchangers, anticorrosion systems, and piping and accessories; and electrical solutions for motors and generators comprising carbon brushes, brush-holders, brush-rockers, slip-ring assemblies, antistatic brushes, signal transmission systems, and current collection products. The company’s products and solutions also comprise materials and solutions, such as mechanical and friction components, sealing components and materials, thermal insulations, graphite parts, sintered silicon carbide products, and carbon/carbon composite products. In addition, it offers safety and reliability products for electrical power, including fuse and fusegears; low voltage and high power switches; surge protection devices; power transfer products for rail vehicles; and power electronics cooling products. Further, the company provides services, such as Windtracker service; solutions for technical problems related to electric rotating machines, heat exchangers, and anti-corrosion equipment; training and technical seminars; and tools and measuring devices for the preventive maintenance of collectors and slip rings. It serves energy, transportation, process, electronics, and chemical and pharmaceutical markets, as well as elevator, commercial, forklift, ski lift, data communication, and residential markets. The company was formerly known as Groupe Carbone Lorraine SA and changed its name to Mersen S.A. in 2010. Mersen S.A. was founded in 1892 and is headquartered in Paris, France.

6,474 Employees
Last Reported Date: 07/31/14
Founded in 1892

mersen (ex carbon lorraine) (MRN) Top Compensated Officers

Chairman of the Management Board
Total Annual Compensation: €668.7K
Chief Financial Officer and Member of the Man...
Total Annual Compensation: €240.7K
Member of the Management Board
Total Annual Compensation: €273.2K
Member of the Management Board
Total Annual Compensation: €234.3K
Member of the Management Board
Total Annual Compensation: €226.1K
Compensation as of Fiscal Year 2013.

mersen (ex carbon lorraine) (MRN) Key Developments

Mersen S.A. Announces Consolidated Earnings Results for the Second Quarter and Half Year Ended June 30, 2014; Provides Financial Guidance for the Second Half of 2014

Mersen S.A. announced consolidated earnings results for the second quarter and half year ended June 30, 2014. For the quarter, the company reported sales of EUR 182 million compared to EUR 190.5 million a year ago. For the period, the company reported consolidated sales of EUR 362.1 million compared to EUR 377.0 million a year ago. Operating income before non-recurring items was EUR 29.8 million compared to EUR 30.6 million a year ago. Operating income was EUR 6.6 million compared to EUR 25.6 million a year ago. Net loss from continuing operations was EUR 1.3 million compared to net income from continuing operations of EUR 13.7 million a year ago. Net income attributable to group equity holders was EUR 0.2 million compared to EUR 11.5 million a year ago. EBITDA was EUR 47.5 million compared to EUR 51 million a year ago. Net cash from continuing operations was EUR 12.3 million compared to EUR 16.8 million a year ago. Capital expenditure was EUR 11.3 million compared to EUR 12.1 million a year ago. Free cash flow was EUR 1 million compared to EUR 4.7 million a year ago. Net debt as of June 30, 2014 was EUR 222.7 million an increase of EUR 11 million compared with the end of 2013 including the purchase of a majority stake in Cirprotec,. The company still expects the second half of the year to be better than the first: the Americas are expected to enjoy more positive conditions and the electronics business to continue growing; in addition, sales for the solar market are expected to be higher than those from last year, as expected. However, the Group must also take into account the fact that the chemicals business is unlikely to recover by the end of the year, given the low level of orders registered in the first half. As a result, Mersen believes that its targets for the year, namely slight growth in sales at constant scope and exchange rates and in operating margin before non-recurring items are achievable but more challenging. The Group also continues to roll out Transform, in line with the initial plan. The estimated cost of this plan is about 30 million over the full year; ultimately, it should improve the Group's operational efficiency and competitiveness prompting an increase in its operating margin before non-recurring items of about 1.5 points (on a level of business comparable with 2013).

Mersen S.A., Q2 2014 Earnings Call, Jul 31, 2014

Mersen S.A., Q2 2014 Earnings Call, Jul 31, 2014

Mersen Signs a Framework Agreement with ABB for its New Range of Wind Turbine Generators

Mersen announced an agreement with ABB in connection with the launch of ABB's new range of wind turbine generators. This global framework deal covers the supply of a complete solution combining a slip-ring, brushholder and graphite brush, specially designed for ABB's new range of generators employing brush technology. This new ABB generator with unit capacity of between 1.5 MW and 3.5 MW can be used in the vast majority of wind turbine models currently sold around the world. The slip-ring custom-developed by Mersen through its cooperation with ABB over several years meets the exacting quality and reliability standards set by ABB, one of the world's leading manufacturers of wind turbine generators. One of the most impressive features of Mersen's complete solution is that it reduces the need for maintenance on the most critical part of the wind turbine generator. Under this renewable three-year framework agreement, Mersen has gained preferred supplier status with ABB. The Group anticipates delivering several hundred complete systems under the deal in 2014 before ramping up its output in the subsequent years.

 

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