bullish

Nanogate AG

Nanogate - Adapting to market conditions

1.2k Views08 Oct 2019 19:01
Issuer-paid
SUMMARY

Nanogate’s order book of over €600m for delivery during FY19–21, we estimate a third of which relates to the industrial sector, shows the benefits of its long-term strategy of diversification from the European automotive sector. Moreover, while uncertainty in the European automotive sector has depressed H119 revenues and profits, Nanogate’s technologies for manufacturing light-weight components that look like metal or glass put it in a good position, as the transportation sector globally seeks to reduce carbon emissions.

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