(News Bulletin 247) – The Osmosun title is moving up sharply for its debut on Monday on Euronext Growth, the compartment dedicated to small and mid-caps.

The beginnings are promising for Osmosun on Euronext Growth. The title of the company specializing in desalination solutions powered by solar energy is currently progressing 7.69% to 7 euros, above its introductory price set at 6.50 euros.

Osmosun’s inaugural stock market performance testifies to investors’ appetite for the fourth IPO of 2023. On Wednesday evening, the company announced the “strong” success of this operation with investors, which was oversubscribed. 1.6 times.

Accelerate development

The funds raised will thus enable Osmosun “to accelerate development and act on a larger scale to address the global water problem”. The OECD estimates that nearly 4 billion people could run out of water by 2050. In this context of scarcity and risk of water shortage, desalination is becoming a preferred solution and abundant since nearly 70% of the planet is covered with salt water.

Founded in 2014, the Osmosun company offers to rid sea or brackish water of salt and other impurities by reverse osmosis. This technology used by most desalination plants in the world consists of filtering the water by pressure, retaining the impurities to let only the water molecules through.

The Osmosun group hopes to increase its turnover to more than 20 million euros in 2025 and to 48 million euros by 2027. Last year, the group saw its sales reach 4.6 million euros. The company also aims to improve its profitability over the period and raise its adjusted EBITDA (gross operating income) margin from 4.3% in 2022 to more than 10% in 2025 to reach more than 20%. in 2027.