€116.1m market cap
€22.9 last close
Nynomic (previously m-u-t) is an integrated provider of photonics solutions based on a common technology platform. It uses non-contact optical technology to create customised systems for OEMs, which are deployed in the clean tech, life sciences and green tech sectors.
The recent acquisition of LayTec helped drive 16% growth in revenues in H118, though Spectral Engines is not yet profitable, resulting in a drag on EBIT margin and only very modest EBIT growth. Strategically, the pair take Nynomic into a new, high-growth industry vertical and B2C activity.