NuWays AG Reaffirms Buy Rating for Nynomic AG Amid Short-Term Challenges

NuWays AG has released an updated research note on Nynomic AG, maintaining a Buy rating with a target price of €44. Despite a 21% year-on-year decline in Q3 sales to €24.3 million, Nynomic remains resilient. Sales were affected by postponed projects and delayed product call-offs across all segments, including Green and Clean Tech.

The Q3 order intake remained stable at €19.4 million, and the company's order book stands at €54.6 million. With EBIT sharply decreasing by 76% year-on-year to €0.9 million, reflecting a 3.7% margin, Nynomic's full-year guidance remains at €100-110 million in sales with a 7-9% EBIT margin.

Management anticipates a strong Q4 due to previously delayed orders and positions Nynomic for future growth. By FY26, the company expects sales of €141 million and an EBIT margin exceeding 15%. Nynomic's strategic focus on organic growth and acquisitions supports its mid-term growth targets, making it a promising investment as it approaches a robust growth phase.