Dec 5 (Reuters) - Mersen pushed back its

financial targets until 2029 on Thursday, estimating a three

year delay in the electric vehicle and silicon carbide (SiC)

semiconductor markets.

The French advanced materials supplier expects to reach

sales of around 1.7 billion euros ($1.8 billion) and an

operating margin before non-recurring items of around 12% two

years later than originally planned, it said in a press release

ahead of its Capital Markets Day.

"2025 will be a year of transition for Mersen due to a

temporary slowdown in the electric vehicle and SiC semiconductor

markets," the company said in the statement.

Many chipmakers exposed to silicon carbide, a more efficient

semiconductor material used to increase the range of EVs, have

cut or delayed their financial targets.

Wolfspeed ( WOLF ), STMicroelectronics and

Infineon, which are among the world's largest silicon

carbide chipmakers, have recently warned of a subdued 2025.

Mersen's shares rose 2.7% to 20.1 euros by 0822 GMT.

($1 = 0.9499 euros)