Q1 2022 Mersen SA Corporate Sales Call Transcript
Apologies for the English translation, which apparently got disconnected.
Questions & Answers
(Operator Instructions) First question from Stephen Benhamou of BNP Paribas.
I have 2 questions, please. First of all, those are good results, but it seems that your guidance seems rather prudent. That's my first question.
Now with electrical distribution trending upwards strongly, can you tell us what you expect to see in terms of margins?
Well, I don't know if we're being so prudent. In fact, if you look at sales, in fact a year ago, the first quarter had been relatively low. It's true. And so it's true that it's difficult to predict across the year. But as Luc has said, well, the situation in Ukraine could perhaps have an impact on process industries. So perhaps that explains our prudence.
Now electrical
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