(BFM Bourse) – Specializing in construction and the wood industry, this company based in the Vosges wants to launch itself on the Euronext Growth stock market, where it hopes to raise 8 million euros.
With nearly 280,000 hectares of forests, the Vosges department is the third most wooded in France. This resource is exploited by a number of companies in the region, such as the company Les Constructeurs du Bois based in Epinal and which has been listed on the Euronext Access stock exchange (the former Marché Libre) since October 2020. This resource is The latter specializes in the design and project management of wooden buildings such as medical homes, wooden residences for seniors, as well as eco-neighborhoods.
Another local company also plans to use the leverage of the Stock Exchange to accelerate its development in the sustainable construction market. This is Groupe Morlot, based in Houécourt not far from Vittel, a town known worldwide for its mineral water. The company is structured around 8 areas of activity, always linked to construction and industry, and particularly in wood where it indicates that it controls the entire sector, from the forest to the construction site.
“We are the Hermès of French wood”
Groupe Morlot’s achievements are already visible in France; the company is, for example, behind the construction of a private wooden clinic in Metz, or a spa center in Nancy. The Vosges company is also involved in four projects for the Olympic Games which will take place in France next year. Groupe Morlot is, for example, behind the wooden framework of the Olympic Aquatic Center of Saint-Denis (93) which will house the swimming, diving and water polo events or that of the Judo event preparation center (Olympic and Paralympic Games) of Nogent-sur-Oise (60).
“We are the Hermès of French wood. A national and international leader in our sector”, launched Laurent Morlot, the director of Groupe Morlot, taken over by Vosges Morning.
And it is to nourish this ambition that Groupe Morlot, and specifically its “construction division” is aiming to raise funds of 8 million euros on Euronext Growth, to best capture this dynamic eco-construction market. The IPO will support the development of Groupe Morlot’s concept in biosourced construction and eco-built solutions. “Buildings that are more virtuous from the construction phase to the end of their life, bioclimatic, less energy-consuming, and more economical in natural resources,” explains Groupe Morlot.
The group also intends to develop its range of modular wooden solutions (2D and 3D), which, according to the Vosges company, have numerous advantages: namely quality and a high level of finish in production, and rapid construction on site, which limits nuisance (visual, noise, etc.) compared to a traditional construction site.
For the year 2023, the construction division of the Morlot Group expects to achieve a turnover of 80 million euros and a net profit of 800,000 euros. By 2027, the company hopes to accelerate the pace and bring its annual revenues to 180 million euros and its net profit to 3.6 million euros.
The Vosges company is thus following in the footsteps of Imeon Energy, which also indicated last week that it wanted to make its IPO on Euronext Growth. The Breton company is also counting on fundraising of 8 million euros to develop its range of solutions intended to improve the efficiency of solar installations using artificial intelligence.
Sabrina Sadgui – ©2023 BFM Bourse