(News Bulletin 247) – This company which manufactures precision parts for high-tech industries is launching its IPO on Euronext Growth this Wednesday. Positioned in high-demand sectors such as aeronautics and defense, Odyssée Technologies hopes to raise up to 8 million euros to accelerate its development.

After an almost blank year in operations, there is a rush of IPOs on Euronext Growth at the end of the year. On Tuesday, investors had the opportunity to witness the first notable steps of Lighton, the specialist in generative artificial intelligence which jumped more than 12% for its inaugural session in the small and mid-cap compartment.

Another company hopes to receive the same reception in the weeks to follow. And it is Odyssée Technologies, a company specializing in precision mechanics for cutting-edge industries. The latter has just kicked off its IPO this Wednesday morning. Open until November 27, the operation aims to raise 7 million euros in new money (up to 8 million euros depending on the possibilities of extension) from individual and institutional investors to finance its growth trajectory. growth.

Odyssée Technologies shares have therefore been offered since this Wednesday morning at a fixed price of 13 euros until the evening of December 9, 2024 for individuals, with institutional investors able to participate in this fundraising until December 10 at 12:00 p.m. The company has already received subscription commitments from two management companies for an amount of 7 million euros, which covers the entire initial amount of the offer.

A supplier of precision parts for Airbus, Safran…

Founded in 2011, Odyssée Technologies is a French industrial player specializing in precision mechanics. Presenting itself as “a goldsmith of precision mechanics”, the company offers its know-how in turning, milling, electroerosion, lapping, grinding, adjusting and deburring, to leading manufacturers in the aeronautics sector, defence, space and energy.

Odyssée Technologies offers complex parts used in the composition of critical systems such as engines or braking systems for civil or military aircraft, waveguides for satellites, critical parts and sub-assemblies for armaments. , turbine blades for energy production.

The group is the direct supplier to manufacturers and tier 1 equipment suppliers such as Airbus, Safran, Boeing, LISI, MBDA, EssilorLuxottica and Eiffage, to name a few.

Odyssée Technologies explains that its clients operate in large markets, “with very high growth prospects and posing crucial challenges for the future”.

The group, which had announced its plan to join the Parisian market last spring, wishes to finance its development strategy to best capture “demand which remains very strong” and “order books which offer visibility over several years “in aeronautics and defense, explains Christian Mary, Chairman and CEO of Odyssée Technologies in the show “Good Morning Business” on BFM Business, this Wednesday morning.

“Today one of the main challenges for participants in this market is to obtain sufficient production from their supply chain to meet customer needs. We are part of this effort,” adds the leader.

A doubling in size in 2028

The IPO will thus enable the group to support its development strategy in sectors benefiting from strong demand such as aeronautics, defense, space and energy.

“We are a growing company, positioned in markets that benefit from positive dynamics, in particular the aeronautics and defense sectors, but also industrial niches. Financing this growth requires a lot of capital because we need to invest, to finance our working capital needs but also our external growth ambitions”, explains Christian Mary.

The group also intends to address new areas of activity such as the railway industry, the naval industry and the nuclear industry (in particular, for the renovation and maintenance of the existing fleet).

For the 2024 financial year, Odyssée Technologies is targeting a turnover of 20 million euros. In the medium term, the precision parts specialist plans to double its turnover to bring it to 40 million euros by the end of 2028. To achieve this turnover growth objective, Odyssée Technologies is counting on both its organic growth but also on the acquisitions which will be made during the period 2025-2028. The group is also targeting a gross operating margin (Ebitda) of 15% at the end of 2028.