Nanogate

DB: N7G

€87.2m market cap

€16.25 last close

Nanogate is a leading international integrated systems provider for high-performance surfaces. It endows materials and surfaces with new properties, thus improving the competitiveness of its customers.

Investment summary

Nanogate’s order book of over €600m for delivery during FY19–21, we estimate a third of which relates to the industrial sector, shows the benefits of its long-term strategy of diversification from the European automotive sector. Moreover, while companies making parts for internal combustion engines will be seriously affected by the decarbonisation of transport, this trend is positive for Nanogate. Its N-Glaze and N-metals technologies offer a route for light-weighting both conventional vehicles, where they improve fuel efficiency, and electric vehicles, where the weight of batteries means reducing that of other components is essential. In addition, Nanogate’s solutions for New Mobility support the rapidly increasing numbers of sensors being deployed in vehicles as the industry moves towards fully autonomous vehicles with new models of ownership.

Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual 28.5 (12.6) (49.2)
Relative* 21.7 (23.8) (56.0)
52-week high/low €32.9/€11.8
*% relative to local index
Key management
Ralf Zastrau CEO
Götz Gollan CFO

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