Mersen SA

Mersen SA raised its full-year 2026 guidance, now expecting organic growth between 4% and 6% and an EBITDA margin between 16% and 16.5%, both at the upper end of initial ranges, after delivering solid organic growth of 3.9% in the first half. Data center revenue is expected to more than double in 2026 to over 40 million euros, with the company well-positioned across the entire electrical value chain supporting AI-driven infrastructure. The electrical power segment showed exceptional performance, with EBITDA margin gaining 280 basis points, driven by volume growth and sustainable price increases. Mersen also secured new electric vehicle nominations with Ford and LeapMotor, and continues to advance its SMR partnerships with Terra and Novadum, positioning for long-term growth in next-generation energy infrastructure. The company maintains a strong financial structure with a leverage ratio of 2.3 and a solid liquidity profile, providing flexibility for disciplined M&A.