Future technologies are of central strategic importance for Nynomic. Miniaturisation, digitalisation, automation, artificial intelligence – Nynomic makes consistent use of constant technological change as the basis for a medium-term growth that is above the average in market comparison.

Our future fields go beyond disciplines, promising a decisive technological progress and contributing to the quality of life and the saving of resources. We take bold steps beyond what is known: Visions become successful business models that are adapted to the customer, sustainable and oriented on the long term. Thanks to our broad range of technological possibilities, we can find a practicable way to reach this vision of the future. We align the opportunities of tomorrow with the realities of the present day. We accomplish this by implementing innovative photonic measuring technology to measure parameters, which are of vital importance in the areas of Life Science, Green Tech and Clean Tech.

Dear Shareholders,
Dear Sir/Madam,

The German economy found itself in its second year of recession in 2024. Geopolitical disruptions and volatile markets defined the economic environment and presented companies with considerable challenges.

After four consecutive years of record figures for sales and earnings, the 2024 financial year was also extremely challenging for the Nynomic Group. The continuation of the previous growth trend could not be realised under these general conditions.

In the course of the year, it became clear that the reluctance of our customers to make binding short- and medium-term product call-offs and long-term orders in most target markets persisted for longer than expected. Consequently, we had to adjust our earnings forecast in the autumn.

The results for 2024 are not satisfactory for us, but overall acceptable in light of these developments. We were able to conclude the financial year within our updated expectations and once again surpassed the EUR 100.0 million sales mark. The bottom line shows consolidated Group sales of EUR 102.4 million (2023: EUR 118.0 million; -13%) and an EBIT of EUR 7.4 million (2023: EUR 15.4 million; -52%) with a corresponding EBIT margin of around 7% (2023: 13%). As of 31 December 2024, the high-quality order backlog stood at a solid EUR 47.5 million (31 December 2023: EUR 53.9 million; -12%), thus continuing to strengthen our planning security.

Long-term success requires foresight – as the Board of Directors, we keep our goals in sight even in challenging times and consistently pursue our strategic course. In the 2024 financial year, we pushed forward the targeted further development of the Nynomic Group and made progress both strategically and operationally. We now look ahead with optimism and are convinced of the future growth of our business activities and key markets.

Nynomic demonstrates stability in terms of revenue and financial structure in persistently difficult times. This is a success that is largely attributable to our dedicated team. Our sincere thanks go to all employees for their outstanding commitment in the 2024 financial year. The Nynomic team is at the heart of our actions, because only with motivated and competent employees can we sustainably expand creativity, innovation and productivity. Therefore, we specifically promote engagement and further development, thereby creating the basis for long-term success and a strong future.

Our innovative strength is and remains the central driver for future growth. For the Nynomic Group, this means identifying customer needs and market trends at various levels at an early stage and reacting to them in a targeted manner. Accordingly, we continuously invested in research and development in the past financial year – both in our own innovative products and in joint developments with our customers. For example, promising signals for interesting projects are currently coming from the field of quality assurance systems for the photovoltaic industry, as well as from the expansion of our gas sensor portfolio, which allows for new applications in industrial monitoring and agriculture with even more precise detection limits. As a reliable technology partner, we are involved in early development phases, which enables us to build strong customer relationships and secure long-term competitive advantages. At the same time, we are focusing on high-growth future markets in order to develop our own marketable and profitable products and solutions with operational excellence. Thanks to our leading expertise along the entire photonic value chain, we are continuously tapping into new opportunities and market segments and securing our technological edge. At the same time, we assume responsibility beyond economic success: With the photonic solutions of the Nynomic Group, we are setting standards in the technological transformation towards greater sustainability and supporting our customers in making their processes more efficient and resource-saving, thereby achieving their environmental goals. Furthermore, we also align our own actions with sustainability and are continuously working to further optimise our processes, structures and methods. In this way, we are making our contribution to a more sustainable future.

We are all facing considerable challenges. The macroeconomic and geopolitical environment remains demanding and market conditions are changing ever more rapidly. Therefore, we are planning with our customary commercial prudence and acting flexibly in order to react to changes in the best possible way.

At the same time, we are relying on the customer-focused innovative strength of the Nynomic Group to address structural growth drivers in a targeted manner and to position ourselves optimally for an upcoming upswing. We have a clear vision of our future. Even in volatile general conditions, we are consistently developing Nynomic further and thereby strengthening the basis for long-term, profitable growth. Our solid financial foundation and the high-quality order backlog provide the best prerequisites for this objective.

Accordingly, based on current knowledge, we expect Group sales for the 2025 financial year to be in a corridor of EUR 105.0 million to EUR 110.0 million, and an EBIT of between EUR 8.5 million and EUR 10.0 million. We anticipate a continued volatile intra-year sales development.

Dear Shareholders, you can trust that we will resolutely drive our strategy forward and exploit the full potential of Nynomic. In addition to organic growth, we will also focus on targeted acquisitions in 2025 to expand our product portfolio and tap into additional market potential. Economies of scale, an optimised product mix and more efficient processes will further strengthen our earnings and consolidate our competitive position. For the following years, we expect above-average growth so that we confirm the medium-term growth targets for Group sales of EUR 200.0 million and an EBIT margin of approx. 16-19%.

We sincerely thank you for your continued trust and support in these challenging times.

With best regards,
Fabian Peters und Maik Müller

With our core competence in photonics being a key technology for sustainability, the Nynomic Group makes a valuable contribution for the protection of the environment and resources in diverse areas. Our three segments Life Science, Clean Tech and Green Tech offer tremendous potential to contribute decisively to ecological sustainability with photonic hightech solutions.

Those who want to be innovative must be open to new things. For Nynomic, this means to work in a futureand solution-oriented manner and sometimes take on unusual challenges. For this purpose, we consistently utilise the dynamics of the photonics industry to contribute to the shaping of developments, identifying other requirements, and continuously adjusting and optimising our innovative offering of solutions and products. Photonic technologies are often superior to other procedures in terms of sustainability, and they enable us to design our customers’ production processes in a more favourable way ecologically. The simultaneously more efficient and effective application possibilities and processes of photonics show that efficiency and environmental protection are not contradictions, but rather requisites. Sustainable management and profitable growth are inseparable parts of each other at Nynomic. We are very proud to create an added value for our customers, our partners, the environment and society with our innovative resource-saving approaches to solutions. Technological progress and responsible business management go hand-in-hand at Nynomic. Especially in uncertain times, our corporate culture, based on mutual trust, is reliable; it forms the basis for the positive and social life together in the entire corporate group. With our dedicated and competent Nynomic team, we assure our competitive and innovative power, and set the course for long-term growth. We are convinced that our future-oriented personnel development, including training, continued education, flexible working and a good work-life balance are key to our success.

It is important to us to provide our stakeholders with a comprehensive picture of our commitment to a sustainable business model. In doing so, we rely on openness, transparency and the fulfilment of high standards to ensure the trust of our stakeholders.

The independent ESG rating agency imug rated our sustainability performance as “very good” in its last assessment. This assessment confirms our continuous focus on sustainable practices.

Our goal is to continue to take a leading position in the area of sustainability. We are firmly convinced that our commitment to sustainability not only has a positive impact on the environment and society, but also strengthens the long-term success and resilience of our corporate group.

Already in the first recession year of 2023, the small and mid-cap (SME) segment Scale of Deutsche Börse AG showed a weak performance with a negative return of -16% (Scale30). Despite a record result for Nynomic AG in terms of sales and earnings, the Nynomic share could not escape the downward trend of the index in the previous year and, in this environment, had a poor year with -8.4%, although the downward movement was by no means as drastic as for many other technology shares.

In the second recession year of 2024, the Scale30 selection index, in which the Nynomic share is listed, opened at 948.96 points on 2 January 2024, to close at the same level of 948.56 points on the last trading day of the year, 30 December 2024. In 2024, a significant performance disparity was again evident between the steadily rising DAX and the secondary share segments, which now lag considerably behind.

While the Nynomic Group was still able to successfully defy the overall economic development in its operating business in 2023, the company had to significantly adjust and communicate its forecast for the full year on 8 October in the last third of 2024 due to order postponements into the following year, providing a very detailed and current description of the situation for the business divisions of the Nynomic Group.

With the presentation of the new product LabScanner Plus®, the announcement of a major order in the field of gas measurement technology and a first quarter within plan with sales and earnings above the previous year, the company had a good newsflow in the first third of 2024.

Over the entire course of the year, the Nynomic share was nevertheless in a downward movement from EUR 33.30 (02/01/2024) to a recent EUR 17.60 (30/12/2024).

The research houses Montega AG and NuWays AG adjusted their calculations of the fair value of the Nynomic share during the year from EUR 54.00 to EUR 34.00 and from EUR 54.00 to EUR 44.00, respectively, and continue to recommend the shares for purchase with considerable upside potential, due to the predicted return to the growth path under less burdensome conditions.

Following the reporting period, in the first days of January 2025, the Nynomic share briefly shot up to a level of approximately EUR 23.00, only to fall back to a significantly lower level in the course of the following months.