AFYREN Announces New Initiation of Coverage by Bryan, Garnier & Co
July 18 2024 - 11:45AM
Business Wire
Regulatory News:
AFYREN (Paris:ALAFY), a greentech company that offers
manufacturers bio-based, low-carbon ingredients produced using
unique fermentation technology based on a completely circular
model, announces the initiation of coverage of its stock by Bryan,
Garnier & Co with a report entitled “AFYREN, all lights are
green”.
Bryan, Garnier & Co is an independent European investment
bank. Among the main growth sectors of the economy, it has
developed cleantech and green chemistry expertise and a vast
network of specialized investors in France and abroad.
Three other brokerage firms have initiated coverage of AFYREN
since listing, with a current consensus target price of €5.0.
About AFYREN
AFYREN is a French greentech company launched in 2012 to meet
the challenge of decarbonizing industrial supplies. Its natural,
innovative and proprietary fermentation technology valorizes local
biomass from non-food agricultural co-products, replacing
petro-sourced ingredients usually used in many product
formulations. AFYREN's 100% biobased, low-carbon and sustainable
solutions can meet decarbonization challenges in a wide variety of
strategic sectors: human and animal nutrition, flavors and
fragrances, life sciences and materials, and lubricants and
technical fluids. AFYREN's plug-and-play, circular technology
combines sustainability and competitiveness, with no need for
manufacturers to change their processes.
The Group's first French plant, AFYREN NEOXY, a joint venture
with Bpifrance's SPI fund, is located in the Grand-Est region of
France, in Saint Avold, serving mainly the European market.
AFYREN is also pursuing a project in Thailand with a world
leader in the sugar industry, and is developing its presence in the
Americas, following up on distribution agreements it has already
signed.
At the end of 2023, AFYREN employed about 120 people in Lyon,
Clermont-Ferrand and Carling Saint-Avold. The company invests 20%
of its annual budget in R&D to further develop its sustainable
solutions.
AFYREN has been listed on the Euronext Growth® exchange in Paris
since 2021 (ISIN code: FR0014005AC9, mnemonic: ALAFY).
Find out more: afyren.com
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AFYREN
Communication Caroline Petigny
caroline.petigny@afyren.com
Investor Relations Mark Reinhard invest@afyren.com
NewCap
Investor Relations Théo Martin / Mathilde Bohin Tél : 01
44 71 94 94 afyren@newcap.eu
NewCap
Media Relations Nicolas Merigeau Tél : 01 44 71 94 98
afyren@newcap.eu
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