Nynomic AG Faces Short-Term Challenges but Prepares for Mid-Term Growth

Nynomic AG's recent update from NuWays AG highlights some short-term challenges for the company. Due to delayed order intakes and project postponements, Nynomic AG has cut its FY24 guidance to €100-110 million in sales, down from the previous slight year-on-year increase against €118 million. The anticipated EBIT margin has also been reduced to 7-9%, compared to last year's 13.1%.

All three segments of the company are facing headwinds. In the Green Tech sector, hesitation in purchasing high-end vehicles and systems has been noted. Similarly, in Clean Tech, project delays are being experienced due to changes in the AI and memory markets.

Despite these challenges, no order cancellations have been reported. Looking forward, Nynomic AG is expected to rebound from FY25, with potential sales growth reaching €141 million by FY26. With continued organic growth and strategic acquisitions, the company maintains a positive long-term outlook.