Nynomic

DB: M7U

€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.

Investment summary

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.

Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual 5.5 19.0 12.8
Relative* 2.9 17.1 23.1
52-week high/low €27.8/€16.0
*% relative to local index