- €33.1 million raised
- Market capitalisation of €267 million
- 71st listing on Euronext in 2026
Euronext today congratulates N4 GROUP, a company specialising in the design and distribution of sports nutrition products and fitness equipment, on its listing on Euronext Growth in Paris (ticker code: ALN4).
N4 GROUP is a French family-owned group operating in the fitness, sports nutrition, health and wellness markets. Founded with the launch of FitnessBoutique in Voiron in 1999, the company designs, develops, formulates and distributes a portfolio of 14 complementary brands, covering a broad range of needs, from sports performance nutrition to fitness and health nutrition, as well as cardio and strength-training equipment. N4 GROUP operates an omnichannel business model combining e-commerce, the FitnessBoutique retail network, pharmacies, health and beauty retailers, specialist retailers and mass-market distribution. The group also operates N4 Labs, an integrated industrial facility dedicated to research and development, formulation, quality, innovation and the industrial-scale production of nutritional products.
N4 GROUP was listed through the admission to trading on 26 October 2026 of the 11,213,775 shares making up its share capital, including 1,389,830 new shares issued under a Global Offering1, comprising 293,994 new shares and 1,095,836 existing shares.
The admission and issue price of N4 GROUP shares was set at €23.81 per share. Market capitalisation was €267 million on the day of listing. The Initial Public Offering (IPO) raised €33.1 million altogether.
Stéphane Viscuso, CEO of N4 GROUP, said: “Our IPO on Euronext Growth Paris marks a major milestone in N4 GROUP’s history and opens a new chapter in our entrepreneurial journey, which began more than 25 years ago. We are particularly proud of how far we have come, having built an integrated family-owned group combining strong brands, innovation, industrial capabilities and omnichannel distribution across the fitness, sports nutrition, health and wellness sectors. This listing represents a powerful catalyst to support our growth ambitions, accelerate our expansion in France and internationally, and pursue our goal of becoming a leading player at the European level. I would like to warmly thank all our employees, partners and customers for their commitment and trust, as well as the investors who are supporting us in this new phase of our development.”
About N4 GROUP
N4 GROUP is an integrated French family-owned group, positioned as a major player in the fitness, sports nutrition, health and wellness markets. Originating with the creation of FitnessBoutique in 1999 in Voiron, the Group designs, develops, formulates and distributes a portfolio of 14 complementary brands covering a broad range of needs, from performance sports nutrition to fitness and health nutrition, as well as cardio and strength training equipment.
N4 GROUP operates an omnichannel model combining e-commerce, the FitnessBoutique network, pharmacies, parapharmacies, specialist retailers and mass retail. The Group also has an integrated industrial platform, N4 Labs, dedicated to R&D, formulation, quality, innovation and the industrialisation of nutrition products. As of March 31, 2026, N4 GROUP had 161 full-time equivalent employees (FTEs) and 115 FitnessBoutique points of sale, and generated revenue of €91.1 million, with an EBIT margin of 17%.
For more information: www.n4-group.com
