AlphaValue Corporate Services
This research has been commissioned and paid for by the company and does therefore not constitute an inducement caught by the prohibition under MiFID II

Odiot

CR
Bloomberg   MLODT FP
Luxury  /  France 
Odiot has ultra-luxury credentials with profits to follow
Target
Upside 39.0%
Price (€) 40
Market Cap (€M) 8.91
Worth Knowing

The current owner-manager has secured financial partners to support a renewed focus on value creation at Odiot, with a likely exit envisaged within a limited number of years. Mr. Trutat continues to increase his stake toward 18%-20% while maintaining stable control, demonstrating both ambition and confidence in the business.

Given the company’s limited assets and resources, pursuing overly rapid growth would be risky. Management will need to strike the right balance between expanding the top line and preserving the brand’s artisanal standards and craftsmanship capacity (see valuation section).

Shareholders
Name% owned Of which
% voting rights
Of which
% free to float
Trutat & related 48.0%48.0%0.00%
Members of the Board 2.00%2.00%0.00%
Apparent free float  50.0%
Changes to Shareholding : 04/08/2025.
Concepts
Business Concepts
  • Discretionary spending
  • Brand name
  • Family controls/influence
  • One trick pony
Investment Concepts
  • Recovery
  • Transformation
Exclusion Concepts