(News Bulletin 247) – Stif shares are moving sharply higher for their debut on Wednesday on Euronext Growth, the compartment dedicated to small and mid-caps.

Stif’s first steps were rather sparkling on the Paris Stock Exchange. The stock of the company specializing in protective equipment against the risks of explosions in industrial environments is currently increasing by 7.69% to 7 euros, i.e. above its introductory price set at 6.50 euros. The action even recorded a first historic peak at 7.20 euros in the first minutes of trading this Wednesday morning.

The inaugural stock market performance of this newcomer gives a little smile in an IPO market which has been very dull in Paris. Friday evening, the company announced the “great” success of this operation with investors, which was oversubscribed 1.7 times.

Founded in 1984, the company has historically specialized in components for handling bulk products, namely buckets for elevators or fittings for pneumatic transport. Then at the beginning of the 2010s, Stif took a first strategic turn by developing a range of protection products against dust explosions in industrial environments, under the Vigilex brand.

A new stage in the history of Stif

Stif has favored the Stock Exchange to finance its development in the market for securing battery energy storage systems (BESS). The company says it anticipates “a strong acceleration” in its turnover in the coming years, after having recorded 31.2 million euros in revenue in 2022.

“The funds raised provide us with the financial means to deploy our development strategy, particularly in the exponentially growing BESS market in the field of renewable energies. A new stage in the history of Stif opens today with the ambition to reach 80 million euros in turnover in 2027″, declared José Burgos, president and CEO of Stif.

By 2025, Stif is targeting a turnover of around 61 million euros, or average annual growth of 25% between 2022 and 2025. By 2027, the group aims to increase its turnover to business of around 80 million euros with a gross operating surplus (Ebitda) greater than 15% of turnover.