Identification
Listing sponsor

<p>
INDUSTRIE, BOURSE, INTERNATIONAL</p>

ISIN code
FR0004065639
Exchange / Market
Euronext Growth
Trading location
Paris
ICB
Electronic Equipment
Issuer website
http://www.ect-industries.fr
Operation
IPO date
IPO type

<p>
Global Placement and Open Price Offer</p>

IPO price
10.75 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation procedure

<p>
Conditions applying to both Global Placement and Open Price Offer The first share price will be set at the end of the OPO and will take account of the demand expressed in the global placement. The prices of the global placement and the OPO are the same. The definitive price will be set on October 25th 2006 after centralisation of the OPO and should be published by Euronext Paris in a notice that same day. The final share price may be set outside the mentioned range. The Global Placement Before first listing, a proportion of the shares will be included in a public placement in France and an international private placement in some countries excluding the United States of America. - Underwriter: Portzamparc - Placement agent: EuroTrading - Number of shares diffuse: 450,000 shares representing 90% of the Offer The Open Price Offer Number of shares in the OPO: 50,000 shares representing 10% of the Offer The final number of shares offered in the Placement and the OPO could be adjusted depending of the nature of the demand: - The definitive number of shares offered in the OPO could be raised by shares initially offered in the Placement without exceeding 20% of the offer - The definitive number of shares offered in the Placement could be raised by shares initially offered in the OPO in case the OPO is not fully covered.</p>

Operation description
Operation calendar

<p>
- Period of the Placement : from October 16th to October 24th 2006 inclusive (The Global Placement could be closed without previous notice) - Period of the OPO: from October 16th to October 24th 2006 inclusive - First quotation: October 25th, 2006 - Beginning of trading: October 31st, 2006</p>

Price range
9.25 euros - 10.75 euros

Company profile

NSE specializes in the design, manufacturing, marketing and maintenance of onboard electronic and electromechanical navigation systems and equipment used primarily in the aeronautics industry. Net sales break down by activity as follows:
  • sales of onboard equipment (48.5%): aeronautical equipment (radio communication boxes and housings, encoding boxes, current converters, back-up batteries, etc.), marine equipment (electronic surveillance equipment, intercoms, amplifiers, targeting equipment, etc.), and industrial equipment (electric collectors, white and violet LEDs, signal control racks, etc.);
  • services (41.7%): equipment maintenance, remanufacturing of outdated equipment, and supply of spare parts;
  • sales of onboard systems (9.8%): night vision adaptation systems (No. 1 in Europe), flight parameter recording systems (No. 1 in Europe), automatic vertical takeoff and landing systems, etc.
France accounts for 60% of net sales.

Source: Cofisem - Last Update: 29 Oct 2020
Key Executives
Chairman of the Management Board Philippe Brel
Member of the Management Board Antoine Lacoste
Member of the Management Board Alain Rocher
Source: Cofisem - Last Update: 04 Jun 2020
Key figures
Millenium 2019 2018 2017 2016 2015
Net sales 76,038 66,699 64,093 62,794 56,770
Income from ordinary activities 76,477 67,040 64,545 63,210 56,770
Operating income 9,441 2,276 822 1,466 -666
Cost of financial indebtedness net -425 -722 -510 -623 -480
Equity-accounted companies contribution to income -222 -4 -13 -16 22
Net profit from discontinued activities -805
Net income 5,913 1,070 10 709 -1,345
Net income (Group share) 5,855 1,086 74 912 -1,367
Fiscal year end 12.19 12.18 12.17 12.16 12.15
Length of fiscal year (month) 12 12 12 12 12
Currency & Unit EUR - thousands EUR - thousands EUR - thousands EUR - thousands EUR - thousands
Account Standards
Source: Cofisem - Last Update: 29 Oct 2020
Shareholder information
NSE Participations 58.58 %
François Lacoste 5.52 %
Source: Cofisem - Last Update: 04 Jun 2020