Nynomic

DB: M7U

€97.9m market cap

€19.3 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 acquisition of LayTec helped drive revenue growth slightly ahead of the German sensors and measurement market during FY18, though Spectral Engines is not yet profitable, resulting in static EBIT margins. LayTec takes the group into a new, high growth industry vertical while Spectral Engines adds B2C activity.

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Price performance
%
1m
3m
12m
Actual (0.8) (15.4) (19.6)
Relative* (0.3) (20.3) (13.0)
52-week high/low €27.8/€16.0
*% relative to local index