Mynaric AG

  • WKN: A0JCY1
  • ISIN: DE000A0JCY11
  • Land: Deutschland

Nachricht vom 13.07.2018 | 10:16

MainFirst analysts initiate coverage of Mynaric share with 'outperform' rating and EUR 100 price target

DGAP-News: Mynaric AG / Key word(s): Study

13.07.2018 / 10:16
The issuer is solely responsible for the content of this announcement.


Munich, 13 July 2018 - MainFirst today initiated coverage of Mynaric (ISIN: DE000A0JCY11 / WKN: A0JCY1) with a comprehensive research report titled "Mynaric AG - High growth, non-cyclical".

According to this initial assessment, MainFirst expects the share of the listed laser communication product manufacturer to 'outperform' with a target price of EUR 100 per share. Compared with the current share price of Mynaric, this represents an upside potential of about 90 percent.

MainFirst expects significant rerating of the shares "once economic feasibility of large scale networks in the sky and space has been shown and awareness about laser communication's role as key technology in establishing aerospace networks becomes clear". The report sees Mynaric in "an excellent position to penetrate the market and grow revenues substantially over the next years" eventually resulting in expected sales of around EUR 400m in 2022.

In addition to MainFirst, Mynaric is also continuously covered by GBC ('buy' rating, EUR 95 price target) and Edison (no rating). Both reports can be downloaded from the Mynaric website (www.mynaric.com/analyst-coverage) where interested shareholders can also subscribe to the newsletter (www.mynaric.com/news/). Mynaric also continuously informs via Facebook, LinkedIn and Twitter about its products, market developments and general news.

The Mynaric share is listed in the Scale segment of the Frankfurt Stock Exchange and was included in the selective index Scale 30 in February 2018.
 

About Mynaric

Mynaric is a manufacturer of laser communication technologies used to establish dynamic communication networks in air and space. Its wireless laser data transmission products include ground stations and flight terminals, which allow very large quantities of data to be sent wirelessly over long distances between aircrafts, autonomous drones, high altitude platforms, satellites and the ground at high data rates.

Globally, the need for fast and ubiquitous network connectivity is advancing inexorably. Data networks are today largely based on infrastructure on the ground, which cannot be expanded arbitrarily for legal, economic or logistical reasons. The future therefore calls for an expansion of the existing network infrastructure into air and space. With its wireless laser communication products Mynaric is positioned as a prime pioneer in this growth market.

For more information see: www.mynaric.com
 

About MainFirst

MainFirst, founded in 2001, is an independent European capital markets firm, specialising in equity brokerage and research, equity capital markets and asset management. The company employs approximately 200 staff in locations in Frankfurt, London, Luxembourg, Milan, Munich, New York, Paris und Zurich.

MainFirst Equity Brokerage is one of the leading independent, European institutional equity research and brokerage firms. 35 research analysts cover approx. 300 German, Swiss, French and Italian mid- and largecap stocks. The focus is on 'high alpha'-generating ideas which need not be consensual. The multi-local approach facilitates particular proximity to both European corporates and investors.

MainFirst Asset Management pursues a multi boutique approach and is focused on investment strategies in the asset classes equities, fixed income and multi asset/absolute return. Experienced portfolio management teams develop strategies with a high active share and individual investment processes. This is combined with the clearly defined procedures of an established international platform. The firm manages both mutual funds and tailor-made segregated mandates.

For further information (including legal information), please visit www.mainfirst.com

 

Important information

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," or, in each case, the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with our industry, as well as many other risks specifically related to the Company and its operations.


Contact
Mynaric AG
Friedrichshafener Str. 3
82205 Gilching
Germany
comms@mynaric.com
+49 40 609 186-65 (German media)
+49 8105 7999-117 (English media)


13.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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