Nynomic: Q3 prelims: OI at multi-year high; top end of guidance in reach - NuWays AG Research
Nynomic released preliminary 9M figures, showing accelerating top-line growth, a further step-up in profitability and a sharply expanded order backlog.
ANNONS
Growth accelerates for the third quarter in a row. 9M sales rose 16.2% yoy to € 75.4m (eNuW: € 72.7m), implying Q3 sales of € 27.7m, up 21.5% yoy. Growth has thus picked up every quarter this year (Q1: +8%, Q2: +18%, Q3: +21%). Main drivers were the broad customer and application base in semiconductors, gas measurement technology for energy infrastructure and continued strong demand across the Clean Tech segment (67% of FY26e group sales).
Well positioned for 2027 and beyond. Assuming demand stays strong in Q4, Nynomic should enter 2027 with a well-filled order book, setting the stage for another strong year but also mid-term. Besides LayTec, tec5 (spectrometer modules for semiconductor metrology OEMs) and Avantes (global no. 2 in fibre-optic spectrometers) also give the group meaningful semiconductor exposure, positioning it for an extended capex cycle in the sector. Together with energy infrastructure and recovering MedTech demand, we model a 10.5% sales CAGR (2025-28e). As the semiconductor business carries above-average margins, the mix shift should keep lifting profitability (eNuW: 13.2% EBIT margin by 2028e).
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