ST Group targets IPO to accelerate industrial expansion
The French composites specialist aims to reach a new milestone with a listing on the new Lise (Lightning Stock Exchange), a platform dedicated to strategic SMEs.
ST GROUP has announced its plans for an Initial Public Offering on Lise (Lightning Stock Exchange), scheduled for launch on April 9, 2026. The operation is intended to support a significant industrial scale-up and bolster the group's corporate profile.
Positioned in high-performance composites for the aerospace, defense, and space sectors, the group benefits from structurally supportive markets and high visibility, with a potential revenue pipeline of 59 million euros over 10 years.
In 2025, revenue reached 3.0 million euros, up 18.7%, continuing a compound annual growth rate of 26.5% since 2021. The strategic plan targets revenue of 4.9 million euros in 2026, rising to 11 million euros by 2030—a 3.5-fold increase over five years—with an EBITDA margin of approximately 15%. The group relies on an integrated and modernized industrial model (with 2.2 million euros invested between 2021 and 2025), enabling it to absorb a significant increase in production capacity.
Active on major programs with Airbus and Dassault Aviation, ST GROUP also intends to expand into MRO (Maintenance, Repair, and Operations), drones, and the space industry.
"The proposed IPO is designed to consolidate this trajectory and enhance the group's visibility," commented Stéphane Trento.
Airbus SE is No. 1 in Europe and No. 2 worldwide in the aeronautics, aerospace, and defense industries. Net sales break down by family of products and services as follows:
- commercial aircraft (70.1%). The group is No. 1 worldwide for aircrafts with more than 100 seats;
- defense and aerospace systems (18.2%): military aircrafts (primarily transport aircrafts, marine surveillance aircrafts, anti-submarines fighter planes and flight refueling aircrafts), spatial equipment (orbital launchers, observation and communication satellite, turboprop aircraft, etc.), defense and security systems (missile systems, electronic and telecommunications systems, etc.). Airbus SE also provides training and aircrafts maintenance services;
- civil and military helicopters (11.7%).
Net sales are distributed geographically as follows: Europe (40.8%), Asia-Pacific (28.0%), North America (17.7%), Middle East (9.0%), Latin America (2.7%), and Other (1.8%).
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