€87.5m market cap
€17.25 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 current geopolitical environment resulted in a reduction in Nynomic’s revenue and EBIT during H119. This was anticipated by management, which reiterated its guidance for only modest FY19 revenue growth. Longer term, the investment case remains intact, with demand for smart, miniaturised measurement technology supported by the new automated production methodologies loosely aggregated as industry 4.0.