(News Bulletin 247) – Osmosun, a specialist in seawater and brackish water desalination solutions using solar energy, announces the launch of its IPO on the Euronext Growth® market in Paris.
According to Quentin Ragetly, CEO. From Osmosun, this introduction constitutes ‘a key step’ in accelerating the development of the company. ‘It is urgent to act to respond to the global problem of water that we all know,’ he believes.
Thanks to its patented desalination technology using battery-free solar energy, Osmosun says it is ‘perfectly positioned to meet market demand, which is looking for efficient, more economical and more ecological drinking water production solutions’.
The company aims to multiply its size by 10 over the next 5 years, while regularly improving its profitability.
In concrete terms, Osmosun has set itself the objective of achieving an annual turnover equal to or greater than 20 ME in 2025 (compared to 4.6 ME achieved in 2022) then 48 ME in 2027. Osmosun also aims to improve its profitability on throughout the period of the plan and to raise its adjusted EBITDA margin from 4.3% in 2022 to more than 10% in 2025 to reach more than 20% in 2027.
As part of the initial public offering, the offer of an amount of approximately 8 ME may be increased to approximately 9.2 ME in the event of full exercise of the Extension Clause and up to 10.6 ME in the event of full exercise of the Over-allotment Option.
The share price is expected between 5.1 and 6.9 euros.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
