Idéal Investisseur
Français English
CAC 40 : Market closed
8 278,59 pts
+0.55%


Last updated : 10/11/2026 - 17h35
🏠 Home   ➤    Stock news

Altheora launches a recycled composites project with Mäder and IPC, backed by France 2030

Selected under the regionalised i-Démo component of France 2030, the consortium formed by Altheora, Mäder Composites France and IPC announced on 10 November 2026 a 36-month programme dedicated to recycled thermoset composites.

On the Altheora side, listed on Euronext Growth, the project is led by its subsidiary Mecelec Composites, alongside the subsidiary of the Mäder group and the Technical Industrial Centre for Plastics and Composites.


Altheora launches a recycled composites project with Mäder and IPC, backed by France 2030

Recycled and flame-retardant composites intended for energy networks

The ACELT project focuses on the manufacture and processing of recycled composite materials based on glass-fibre-reinforced polyester. The partners aim to develop closed-loop recycling and recovery solutions for these parts, in order to reduce the environmental footprint of composites.

The targeted materials, which are flame-retardant and derived from recycling, are intended for urban energy distribution networks, rail, mobility and urban equipment. Bénédicte Durand, CEO of Altheora, specifies that they will go “primarily to enclosures and equipment for energy distribution networks, the core business of Mecelec Composites”.

The executive indicates that France 2030 support enables the company to “accelerate a roadmap launched several years ago” and to “strengthen competitiveness” at the group's French industrial sites. Altheora has around 250 employees and operates sites in Ardèche, Isère, Ain and Romania.

Funding split equally between the State and two Regions, notified in July

Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning ✓ Euronext data ✓ AI-powered analysis

ACELT is among the winners of the 28 October 2025 wave of the “Projets collaboratifs i-Démo régionalisé” track. The regional selection committee, co-chaired by the State and the Auvergne-Rhône-Alpes and Sud Regions, selected the consortium, and the funding was officially notified on 16 July 2026.

This funding is provided equally by the State, the Auvergne-Rhône-Alpes Region and the Sud Region. Its implementation is entrusted to Bpifrance for the State's share and that of the Sud Region.

The three partners pool their expertise in materials, processing methods and applied research. Julien Molina, CEO of Mäder, believes the project “will allow us to accelerate our work on this strategic topic”, while IPC brings its expertise in applied research and technology transfer.



Sector Emballage, papier, bois › Papier & emballage


Free · every morning · before 9am
Never miss a move on your stocks
The trend behind the prices · Euronext

Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 18,7 millions d'euros
  • Quarterly revenue: 18,7 millions d'euros
  • EBITDA: 0,6 millions d'euros
  • EBITDA margin: 3,2 %
  • Net income: -1,2 millions d'euros
  • 6 millions d'euros
Guidance from the release
  • « restaurer nos marges, en poursuivant notre développement » avec leviers identifiés mais en reconstruction
Risks mentioned
  • Rentabilité en baisse : EBITDA à 0,6 M€ vs 0,9 M€ un an plus tôt, marge compressée à 3,2 %
  • Tensions sur les approvisionnements et surcoûts de production mobilisant les équipes
  • Stocks de sécurité élevés (6,8 M€) dont la normalisation est en cours
Opportunities identified
  • Prises de commandes en hausse de 20 % sur huit mois, carnet s'étendant jusqu'en 2028
  • Mobilité progresse de 9 % et représente 40 % de l'activité, levier de diversification
  • Clauses d'indexation contrats et retour à production normale attendus dès S2 2026

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

Advertisement
Every morning
Technical market signals,
before the opening bell.
CAC 40 · SBF 120 · Signals · Analysts
🤖
Today's edition — pre-market
CAC 40
7 702
-0,87%
SBF 120
5 827
-0,87%
📈 Bullish signals
+5,2%
+1,8%
+0,9%
📉 Bearish signals
-14%
-5,7%
🔄 Analyst opinions
▲ 35 €
▼ 80 €
Sign up to see everything →
Before 9 AM every morning
Euronext data
AI-powered analysis





BOURSE · Chaque matin
La synthèse bourse,
avant l'ouverture.
Notre moteur analyse chaque nuit le CAC 40 et le SBF 120. Ce qui mérite attention remonte directement dans votre boîte mail. Gratuit.
✓ Avant 9h00 ✓ 1000+ inscrits ✓ 100% gratuit
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours sur les valeurs Euronext, chaque matin avant 9h.
tendance · 6 séances
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours