Letter to shareholders 02/2024
Dear Ladies and Gentlemen,
Dear Shareholders,
At the end of the year, we would like to give you a retrospective overview of developments in the past financial year and share our outlook for the coming years with you.
Q3 results 2024
The results for the third quarter of 2024 are in line with our adjusted expectations. The first nine months were characterized by postponed product call-offs and budget-related project delays – an issue that affected all three business segments for the first time in several years. These temporary challenges led to a performance that is currently significantly below medium-term potential growth.
As previously communicated, we have adjusted our forecast for the 2024 financial year, expecting consolidated sales between EUR 100.0 million and 110.0 million, with an EBIT margin of approximately 7-9%. We anticipate a disproportionately strong fourth quarter, highlighting the resilience of our Group in a challenging market environment.
Stable growth factors
There have been no relevant order cancellations and demand remains stable – a clear sign for us that the current challenges are only of a temporary nature. We believe that Nynomic remains excellently positioned for strong growth in the coming years. The main growth drivers include:
Nynomic is continuing to invest in product development and is not making any cuts to its personnel structure in order to be optimally prepared for the market recovery in the coming years, both in terms of products and sales.
The Nynomic share
The performance of the Scale 30 index, representing the Scale segment’s most actively traded shares, remained weak after our spring letter to shareholders on 11 June. Although it stayed above 1,000 points until late July, a sharp drop in early August brought it to just over 900 points. After a brief strong upward movement, the Scale 30 index has now remained largely in a corridor between 960 and 980 points since mid-August, and thus roughly at the level seen at the beginning of the year. Unfortunately, the psychologically important 1,000-point mark was not reached again. While financial media earlier highlighted the undervaluation of secondary stocks, the anticipated recovery has yet to occur and is now expected in 2025.
Over the past six months, the Nynomic share price fell from approximately EUR 27.00 in mid-June to around EUR 18.00 by mid-December, reaching levels last seen during the spring 2020 coronavirus crisis, when Group sales were only EUR 78.0 million.
Prominent stock market letters attest the Nynomic share “attractive multiples” at the current price level and see “significant price potential”. Based on already considerably reduced expectations, the research houses Montega and NuWays calculate a fair valuation of the Nynomic share of EUR 34.00 and EUR 44.00, respectively, in view of the forecast recovery of the Nynomic Group’s operating business.
Focus on dialog and transparency
The Annual General Meeting of Nynomic AG in July expressed its trust in the members of the Management Board and Supervisory Board for the 2023 financial year. In addition, all other items on the agenda were approved by a large majority. We deeply appreciate the continued confirmation, interest, and trust our shareholders have placed in us. This support motivates us to continue to consistently pursue our strategic goals and create sustainable value.
The transparent communication of our corporate strategy remains a central component of our investor relations work. An earnings call was held at the beginning of the year, in which the Management Board presented and explained the results for the 2023 financial year in detail. As in previous years, the Management Board used the Equity Forum Spring Conference in Frankfurt, the Hamburg Investor Days (HIT) and the Munich Capital Market Conference (MKK) to intensify the exchange with investors, analysts and financial journalists. We believe direct communication is key to presenting our business model clearly and building confidence in our long-term growth.
On course towards a successful future
We have built a strong basis for future success. Our medium-term growth targets, which we defined last year, remain unchanged. We are aiming to achieve sales of at least EUR 200.0 million with an EBIT margin of 16-19% in the medium term. This growth will be driven by a well-balanced mix of organic expansion and strategic acquisitions. With a strong focus on our customers, we will continue to focus on innovation and targeted acquisitions in order to scale the entire photonics value chain and make the most of the promising opportunities in our target markets.
Although we are currently going through a year of transition, we clearly see the foundations for a successful future ahead of us. Already with a view to 2025, we expect a noticeable recovery, supported by the realization of postponed projects and our strong pipeline of new products and solutions. We are firmly determined to continue on our profitable path to success.
On behalf of the entire Nynomic Team, we wish you a happy festive season and a healthy, successful New Year.
Yours,
Maik Müller and Fabian Peters
-Management Board Nynomic AG-
NuWays Research: Q3 in line with adjusted expectations / Nynomic share buy, price target 44.00 Euro
Wedel (Holst.), November 18, 2024
The recently announced nine-month figures of the Nynomic Group are seen by analyst Christian Sandherr of NuWays Research as a confirmation of the adjusted guidance for the current financial year 2024.
Demand for Nynomic products remains high; the absence of cancellations demonstrates the business model’s comparative resilience, with sales still at a triple-digit level.
Accordingly, NuWays Research considers this as a temporary rather than a structural problem: With a recovery in the targeted markets, the launch of a wide range of new products and the catch-up effect from postponed order call-offs, the Nynomic Group should return to its longtime growth strength in 2025/26.
Therefore, the Nynomic share continues to be a clear buy recommendation with a medium-term price target of 44.00 Euro.
Please read the research update at
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation combined with smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 550 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Montega Research: Return to growth path is visible / Nynomic share buy, price target 34.00 Euro
Wedel (Holst.), November 13, 2024
Shortly after the publication of the most important nine-month figures of Nynomic AG, Montega AG published a research update.
Analyst Bastian Brach emphasizes the currently very weak general market environment, which the Nynomic Group cannot escape either.
However, Montega expects the Nynomic Group to return to the growth path from 2025 onwards due to postponed orders, new product developments and possibly also another acquisition.
Due to the currently attractive valuation and in view of the expected recovery in a normalized market environment, the Nynomic share is recommended as a buy with a price target of 34.00 Euro.
Please read the research update at www.nynomic.com/research-studien/
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation combined with smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 550 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Nynomic AG: Montega and NuWays with Research Updates on the Nynomic share due to the current forecast adjustment / Buy recommendations with reduced price targets
Wedel (Holst.), 11.10.2024
“Growth story remains attractive” – this is the conclusion of analyst Bastian Brach from Montega AG, who expects the Nynomic Group’s business performance to recover from 2025.
Analyst Christian Sandherr from NuWays shares this opinion. He sees the second half of 2024 as being marked by order postponements, but expects a positive development again from 2025 onwards, which could already justify the still attractive medium-term outlook.
Both analysts recommend the Nynomic AG share as a buy with reduced target prices (34.00 Euro and 44.00 Euro).
Please find the complete research comments here: www.nynomic.com/research-studien/
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation combined with smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 550 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
www.nynomic.com
Rückfragen an:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Montega AG publishes feedback on Nynomic’s presentation at the HIT
Wedel (Holst.), September 10, 2024
Also this year, Montega AG has published individual feedback on the company presentations at the Hamburg Investor Days – HIT – on August 21 and 22.
In his conclusion, analyst Miguel Lago Mascato points out that the business performance of the Nynomic Group is still robust compared to other companies in view of the current economic environment.
The current low valuation of the Nynomic share does not appear to be appropriate considering the positive outlook for 2025.
Please read the complete research publication at www.nynomic.com/en/analyses/
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation combined with smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 550 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
www.nynomic.com
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Nynomic AG: Third quarter of 2024 in line with expectations / Adjusted guidance for 2024 confirmed / Positive outlook on further business development
Wedel (Holst.), November 11, 2024
Nynomic AG has determined the most important, still preliminary key figures for the third quarter of 2024 (previous year’s figures in brackets) and is closing the quarter in line with the adjusted expectations.
In the first nine months of 2024, group-wide sales amounted to approx. EUR 72.0 million (EUR 83.4 million; -14%). EBIT for the first three quarters amounted to around EUR 5.1 million (EUR 8.3 million; -39%). The high-quality order backlog as of September 30, 2024 amounted to approximately EUR 54.6 million (EUR 70.2 million; -22%) and continues to ensure a relatively high degree of planning certainty for the Nynomic Group.
The growing business momentum that is already evident indicates another strong fourth quarter ahead. However, as previously noted, part of the revenue from delayed product call-offs and certain budget-related project postponements will be deferred into the financial year 2025.
Considering the revenue shifts due to economic conditions, Nynomic’s Management Board Members, Maik Müller and Fabian Peters, confirm their adjusted full year 2024 guidance from October, with consolidated sales of between EUR 100.0 million and EUR 110.0 million and an EBIT margin of approximately 7-9%.
The delayed demand effects expected for 2025 are likely to lead to a positive growth impulse. For the following financial years, the Management Board also expects above-average growth, so that the medium-term growth targets of sales of EUR 200.0 million / EBIT margin of approximately 16-19% remain fully intact despite the difficult market conditions in 2024. Key growth drivers such as industrial automation, the use of smart and miniaturized measurement technology in new application areas, and global challenges, including in the Agri and Health sectors, are continuously becoming more important. The Group’s strategic goals will therefore be pursued with full commitment in order to continue to optimally exploit the potential of the coming years.
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation combined with smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 550 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Nynomic AG: Adjustment of 2024 annual guidance due to sales shifts into 2025 / Medium-term targets and growth plans unchanged
Wedel (Holst.), October 08, 2024
Nynomic AG today adjusted its forecast for the current financial year 2024 as a result of present sales shifts. Previously anticipated expectations for sales by the end of the year are no longer fully achievable due to deferred or delayed incoming orders and call-offs by Nynomic Group’s customers.
The general reluctance of customers to commit to short- and medium-term planning of product call-offs and new long-term orders, which was evident throughout the entire year, did not improve significantly towards the end of the year, against earlier statements by customers. Therefore, the targeted sales for a number of customers across all segments and regions can no longer be realized to the expected extent for the financial year 2024.
Revenues from delayed product call-offs, but also from some budget-related project postponements, will largely be deferred to the financial year 2025. The Nynomic Group has not received any significant order cancellations or extension requests for long-term framework contracts. Consequently, the order backlog remains valid and is expected to increase further as of December 31, 2024.
The demand for the technologies and products of the Nynomic Group remains consistently high. All development projects, both internally and in collaboration with the respective customers, continue to be driven forward with high priority and are progressing according to plan.
In the Green Tech sector, Nynomic Group’s customers are partly experiencing the current reluctance of end customers, both in the procurement of high-end vehicles and equipment, as well as in direct sales across various applications. The current hesitancy in purchasing is not expected to fully recover for certain products by the end of 2024, as initially anticipated.
In the Life Science segment, the anticipated and planned declines in sales in 2024 among some key existing customers have largely been confirmed. At the same time, the customer and project base is continuously growing, especially in medical technology and pharmaceutical applications, and is ramping up as planned. These projects will reach their full momentum starting in 2025 and will make significant contributions to revenue in the following years.
The Clean Tech segment reflects the sum of the industrial applications of the Nynomic Group and is accordingly diverse in its market situation. A significant part includes all applications in the semiconductor sector. Customers for traditional silicon-based applications are feeling the impact of changes in the AI and memory sectors, along with the associated delays in new projects and the retrofitting or upgrading of existing equipment. The forecasted substantial increase in demand towards the end of the calendar year has so far only partially materialized.
Demand in the area of compound semiconductor applications remains at the planned level in 2024. However, new projects and the market launch of new products in 2024 will not generate significant revenue contributions until 2025 and the following years.
In all other industrial applications demand remains high, overall only slightly below the planned level for 2024. This is where the strength of the Nynomic Group’s broad range of technologies and products is particularly evident.
Taking the revenue shifts into account, Nynomic AG Management Board Members, Maik Müller and Fabian Peters, now expect a moderate decline in sales for the financial year 2024 compared to the record year 2023 (EUR 118.0 million), with consolidated sales of between EUR 100.0 million and EUR 110.0 million (previously: single-digit percentage sales growth) and an EBIT margin of around 7-9% (previously: slight EBIT margin expansion).
The adjusted annual outlook has no impact on the further implementation of the Nynomic Group’s growth strategy. Nynomic’s proven business model remains fully intact and continues to provide a strong foundation for the future. In 2025, the Group expects significant delayed demand effects, which should lead to a positive growth boost. Therefore, the Nynomic Group’s medium-term targets particularly are confirmed unchanged despite the current challenges. In addition to organic growth, inorganic growth remains a key component of the overall strategy. Nynomic’s solid financial structure continues to provide a high degree of flexibility.
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation combined with smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 550 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Nynomic AG: Difficult market conditions in the first half of the year / Increasing business momentum already visible / Forecast 2024 basically confirmed
Wedel (Holst.), August 19, 2024
Nynomic AG has determined the most important, still preliminary figures for the first half of the financial year 2024 (previous year’s figures in brackets).
In the first half of 2024, the Nynomic Group was faced with an overall extremely challenging market environment.
Sales in the second quarter of 2024 increased compared to the first quarter of 2024 but were below the level of the first half of 2023. Thus, group-wide sales in the first six months of 2024 amounted to approx. EUR 47.7 million (EUR 52.8 million; -9.7%).
EBIT for the first half of the year was approximately EUR 4.2 million (EUR 4.6 million; -8.9%). The corresponding EBIT margin of approximately 8.8% was slightly above the previous year’s level (8.7%) and demonstrates that Nynomic AG has once again been able to maintain profitability despite lower sales.
The high-quality order backlog as of June 30 at around EUR 59.5 million was fortunately significantly higher than as of December 31, 2023 (EUR 53.9 million; +10.5%). This provides the Nynomic Group with increased plannability and visibility for the second half of the year.
As in the previous year, a disproportionately strong growth is expected for the second half of the year, which again confirms the reporting date-related volatility within the individual quarters. The already emerging increase in business dynamics indicates a particularly strong fourth quarter.
The current environment and therefore the 2024 financial year is characterized by continued very high demand for the technologies and products of the Nynomic Group, but also by a noticeable reluctance of the customers to commit to short- and medium-term planning of product call-offs and new long-term orders.
In the Green Tech division, Nynomic Group customers are partly experiencing the current reluctance of end customers to purchase high-quality vehicles and systems, as well as in direct sales in a wide range of applications. In contrast, all development projects for product replacements and new products are continuing unchanged and without any adjustments to the roadmap or volume forecasts.
In the Life Science segment, the unit numbers for specific but significant existing projects were temporarily reduced for 2024 in line with Nynomic’s planning. At the same time, the customer and project base, particularly in medical and pharmaceutical applications, has expanded encouragingly and is on track for the targeted ramp-up. These projects will develop their full momentum from 2025 and make significant contributions to sales in the following years.
The Clean Tech segment reflects the Nynomic Group’s range of industrial applications and is therefore heterogeneous in terms of the market situation. A substantial part comprises all applications in the semiconductor sector. Customers for classic silicon-based applications are sensing the changes in the AI and memory sector and the associated time-shifts in new projects as well as upgrades and retrofits of existing plants. A significant increase in demand is currently forecast for the end of the calendar year, for which the Nynomic Group has prepared itself through stockpiling and pre-production.
Demand for applications in the field of compound semiconductors remains at a high level and will be substantially supported by new projects and the market launch of new products in 2024. However, the latter will only be able to provide significant sales contributions in 2025 and the following years.
All other applications in the industrial sector are subject to high demand and are at the level planned for 2024. This is where the strength of the Nynomic Group’s broad range of technologies and products is particularly evident.
Despite the very challenging market environment, which is also characterized by numerous other negative macroeconomic and geopolitical influences and despite the modest first half of the year, the Group’s Management Board Members, Maik Müller and Fabian Peters, nevertheless expect, based on current knowledge, a single-digit percentage growth in sales and a slight increase in the EBIT margin.
In view of the current conditions, the Management Board considers 2024 to be a year of transition and expects Nynomic to return to its very dynamic growth path in the medium and long term from the 2025 financial year onwards. All strategic objectives are still considered as valid and are therefore pursued consistently.
The complete half-year report as of June 30, 2024, will be available for download on the company’s website on August 30, 2024, at the latest.
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation combined with smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 550 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Nynomic AG: 1st quarter well above previous year / Figures on target and annual forecast confirmed
Wedel (Holst.), May 08, 2024
Nynomic AG has determined the most important, still preliminary key figures for the first quarter of 2024 (previous year’s figures in brackets):
In the first three months, Group-wide sales amounted to approximately EUR 23.0 million (EUR 21.6 million; + 6%) and EBIT to approximately EUR 1.6 million (EUR 1.5 million; + 7%). The order backlog as of March 31, 2024 is approximately EUR 59.6 million (EUR 90.8 million; – 34%). Sales and EBIT are therefore in line with internal planning. The order backlog increased further compared to the reporting date of December 31, 2023 (EUR 53.9 million; + 11%). The major order in the upper single-digit million range communicated at the end of April is not included in the order backlog as of March 31, 2024, but additionally increases the Nynomic Group’s planning security for the current financial year.
The company expects the positive trend to continue in the second quarter. The second half of the year is again expected to be disproportionately strong, which in turn confirms the well-known volatility within the individual quarters as at the reporting date.
In recent months, the Nynomic Group has made extensive progress both strategically and operationally. Significant milestones for the Group’s profitable growth have been achieved, including the expansion of the product and service portfolio to include areas in promising growth and future markets. The company is focused on consistently continuing its organic and inorganic growth course in line with the medium-term forecast.
As of mid of May, the Management Board members, Maik Müller and Fabian Peters, are therefore confirming the company’s forecast for the 2024 financial year, with growth of at least a single-digit percentage and a further increase in the EBIT margin.
These plans do not yet take into account potential additional inorganic growth due to possible further company acquisitions. The company is expected to refine its forecast in the second half of the year.
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation combined with smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 530 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Furthermore, you can also register for the Nynomic IR-Newsletter on the company website, which ensures that you are always kept informed about the Nynomic Group in the best possible way.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
www.nynomic.com
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Nynomic AG: Significant order in the high single-digit million range in gas measurement technology
Wedel (Holst.), April 24, 2024
Nynomic AG’s subsidiary m-u-t GmbH has signed a significant order in the upper single-digit million range. This order comes from a renowned existing customer and will contribute to sales in the Clean Tech segment. The innovative technology from m-u-t GmbH is being used to further improve the efficiency and accuracy of gas analysis in the customers applications.
This successful transaction not only underlines the customers confidence in the quality and performance of the Nynomic Group’s products and solutions, but also consolidates Nynomic’s leading position as a provider of high-quality photonic solutions in the field of gas measurement technology. The success is the result of the continuous focus on innovation and customer satisfaction and forms a good basis for future growth and further partnerships.
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation combined with smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 530 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Nynomic AG: Acquisition of 100% of art photonics GmbH / Acquisition expands the technology platform and offers significant synergy potential within the Nynomic Group
Wedel (Holst.), December 14, 2023
Nynomic AG has acquired 100% of the shares of art photonics GmbH, Berlin, Germany. The parties have agreed not to disclose the purchase price. The new subsidiary will be integrated into the Nynomic Group as the thirteenth pillar.
For more than 25 years, art photonics has been continuously setting new standards in the development and production of special fibers for optical measurement technology and is one of the technology leaders in this segment.
The leading expertise within the technology of polycrystalline mid-infrared (MIR) and metal-coated silica fibers is used for the assembly of various spectroscopy probes for medical diagnostics and industrial process control, for example. There are also a wide range of applications in the field of medical and industrial lasers.
With its stake in art photonics, Nynomic is expanding its technology portfolio by adding another strategic pillar for a variety of applications in existing and new markets and complementing its value creation and solutions portfolio.
art photonics GmbH has around 30 employees in Germany. Sales of around Mio. EUR 4.0 are expected in the 2023 financial year.
Nynomic AG’s Management Board is convinced that the investment in art photonics as a strategically consistent step will contribute considerably to the further expansion of the Nynomic Group’s technology leadership. By generating synergies and expanding competencies in a strongly growing market, the acquisition is expected to positively support the further development of both companies in the short term.
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation and smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and more than 500 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
www.nynomic.com
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Nynomic AG: Expansion of technology portfolio/investment in NLIR ApS
Wedel (Holst.), October 5, 2023
Nynomic AG acquired a 31.25% share in the capital stock of NLIR ApS, Copenhagen, Denmark, as part of a capital increase. It was agreed not to disclose the underlying valuation. The new subsidiary will be integrated as a further pillar into the Nynomic Group despite the current minority shareholding.
NLIR is a spin-off company from the Photonics Engineering Department of the Technical University of Denmark and is based on the novel, patented upconversion technology. This technology allows for the first time to bring measuring systems in the mid-infrared (MIR) range from the laboratory into the process in a scalable way and thus ideally complements the technology portfolio of the Nynomic Group. Compared to the established near-infrared (NIR) measurement technology, MIR has significant application advantages and the potential to realize further, previously unsolved process applications. NLIR has recently completed the development of its first, major products and is in the process of launching them on the market. Nynomic will provide essential support to NLIR with its expertise in process measurement technology, product scaling, internationalization and through its worldwide customer and partner network.
NLIR has about 10 employees with sales still in the low single-digit million EUR range.
With its stake in NLIR, the Nynomic Group is thus expanding its technology portfolio by a further strategic pillar for a variety of new applications in existing markets.
Nynomic plans to continuously expand its stake in NLIR. For this purpose, Nynomic has contractually secured corresponding prepurchase options.
Nynomic AG’s Management Board is convinced that the investment in NLIR as a strategically consistent step will contribute considerably to the further expansion of the Nynomic Group’s technology leadership. By generating synergies and expanding competencies in a strongly growing market, the acquisition will positively support the further development of both companies in the short term.
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation and smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 500 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
www.nynomic.com
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
Nynomic AG: Capital increase completely placed
Wedel (Holst.), 12 May 2023
Nynomic AG (WKN: A0MSN1, ISIN: DE 000A0MSN11) has successfully completed its capital increase of up to EUR 5,931,200.00 from EUR 5,931,200.00 to up to EUR 6,521,320.00 by issuing up to 590,120 new no-par value bearer shares against cash contributions, making partial use of the existing “Authorised Capital 2022” and excluding shareholders’ subscription rights. The capital increase was significantly oversubscribed. The 590,120 new shares were successfully placed with institutional investors by the subscriber, ICF BANK AG Wertpapierhandelsbank with registered office in Frankfurt am Main, in the function of lead manager and sole bookrunner by way of an accelerated book-building process at a placement price of EUR 32.00 per new share. Subject to the registration of the implementation of the capital increase in the commercial register, the total issue proceeds from the capital increase amount to EUR 18,883,840.00.
After the capital increase, the company’s share capital will amount to EUR 6,521,320.00. The registration of the capital increase in the commercial register is expected for 16 May 2023.
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and ser-vices of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation and smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 500 employees.
This is a translation of the original German ad hoc announcement/ corporate press re-lease. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
Nynomic AG: Nynomic AG resolves on a cash capital increase with exclusion of subscription rights using the authorised capital
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Nynomic AG / Schlagwort(e): Kapitalerhöhung 11.05.2023 / 17:35 CET/CEST Nynomic AG: Nynomic AG resolves on a cash capital increase with exclusion of subscription rights using the authorised capital
Wedel (Holst.), 11 May 2023
The Executive Board of Nynomic AG (WKN: A0MSN1, ISIN: DE 000A0MSN11) has resolved today, with the consent of the Supervisory Board, to increase the share capital of the Company from EUR 5,931,200.00 by up to EUR 590,120.00 to up to EUR 6,521,320.00 by issuing up to 590,120 new no-par value bearer shares against cash contributions, making partial use of the existing “Authorised Capital 2022” and ex-cluding the subscription rights of the shareholders.
The new shares are entitled to dividends as of 1 January 2022 and are to be offered for purchase by ICF BANK AG Wertpapierhandelsbank, with its registered office in Frank-furt am Main, in its capacity as Lead Manager and Sole Bookrunner, within the frame-work of a private placement to institutional investors by means of an accelerated book-building process at a price of EUR 32.00 per new share. This corresponds to a discount of approximately 1.75% on the volume-weighted average Xetra price (VWAP) of the last three trading days prior to the resolution. The exact number of new shares to be issued will be determined by the Executive Board with the consent of the Supervisory Board after completion of the placement process.
The photonics industry is in a dynamic and very positive development phase in which further market opportunities are constantly arising. The proceeds from the placement will therefore be used to strengthen the financing and capital base in order to be able to react flexibly to organic and inorganic growth potential in the future.
About Nynomic:
This is a translation of the original German ad hoc announcement/ corporate press re-lease. Only the original German ad hoc announcement/ corporate press release is bind-ing. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
For further inquiries:
Ende der Insiderinformation 11.05.2023 CET/CEST Die EQS Distributionsservices umfassen gesetzliche Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen.
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Nynomic AG: Record financial year 2021 with jump in sales and earnings / Growth trend expected to continue in 2022
Wedel (Holst.), 24 March 2022
Nynomic AG has determined the preliminary key figures for the financial year 2021. The forecast, which was last raised for the second time on 2 November 2021, has again been significantly exceeded:
Thus, Group sales amounted to around Mio. EUR 105.2 (2020: Mio. EUR 78.6; +34%). EBIT was approximately Mio. EUR 13.0 (2020: Mio. EUR 8.0; +63%), with a corresponding EBIT margin of approximately 12% (2020: 10%). Furthermore, Nynomic closed FY 2021 with an order backlog again at a record level of around Mio. EUR 73.5 (31 December 2020: Mio. EUR 72.6; +1%) and has thereby started into FY 2022 with full order books.
With these very encouraging results, the Nynomic Group has once again succeeded in combining sustainable, dynamic growth with rising profitability.
Despite the high planning uncertainty caused by the tense geopolitical environment, Nynomic’s Management Board members Maik Müller and Fabian Peters expect consolidated sales of at least Mio. EUR 110.0 for the current FY 2022 and a further EBIT margin expansion compared to the previous year.
The publication of the full Annual Report 2021 of Nynomic AG is expected in May 2022.
About Nynomic:
Nynomic AG is an internationally leading manufacturer of products for permanent, non-contact and non-destructive optical measurement technology. The products and services of the Nynomic Group are based on a wide range of intelligent sensors for measuring optical radiation and smart technologies for data acquisition, processing and evaluation. They can be scaled into different application areas and represent high efficiency increase and high customer benefit due to their good adaptability to customer processes. Miniaturization, digitization, automation – Nynomic consistently uses the constant technological change as the basis for above-average growth in the medium term compared to the market. The Nynomic Group has a clear marketing concept as a full-service provider from component to solution. It is globally positioned with independent brands and subsidiaries and around 500 employees.
This is a translation of the original German ad hoc announcement/ corporate press release. Only the original German ad hoc announcement/ corporate press release is binding. No liability is accepted for the correctness of the translation.
More information on the company is available on the corporate website at www.nynomic.com.
Nynomic AG
Am Marienhof 2
22880 Wedel
Germany
www.nynomic.com
For further inquiries:
Jochen Fischer
FISCHER RELATIONS
Neuer Wall 50
D – 20354 Hamburg
phone: + 49(0)40 822 186 380
fax: + 49(0)40 822 186 450
info@fischer-relations.de
* all news released after 1 January 2019, will be published in English
