31.07.2020 Mynaric AG  DE000A0JCY11

DGAP-News: Mynaric withdraws from China to serve security interests of its core markets


 

DGAP-News: Mynaric AG / Key word(s): Legal Matter/Strategic Company Decision
Mynaric withdraws from China to serve security interests of its core markets

31.07.2020 / 09:01
The issuer is solely responsible for the content of this announcement.


Munich, July 31, 2020 - Mynaric announced yesterday that, with immediate effect, it is to cease its business activities in China.

Mynaric, having not delivered any laser communication hardware to China to date, will start at once to extricate itself from ongoing, but as yet uncompleted, transactions with customers in China. Having realized the strategic importance of laser communication Mynaric was already well into a monetized divestment plan from the Chinese market through a buy-out which has now stopped.

Yesterday's announcement comes as a consequence of a notification by the German government that clearly prohibits Mynaric from delivering laser communication hardware to China. Mynaric had proactively requested official clearance of a planned export of laser communication products to a Chinese customer. This rare intervention to protect foreign relations proves the geo-political importance of laser communication and the strategic importance of Mynaric's products. Mynaric has received high interest from numerous international actors who have placed a strong emphasis on the key role that laser communication will play in the next generation of ultra-secure communication networks. Consequently, Mynaric acknowledges this strategic importance and has acted responsibly by committing to put the interests of national security of its core markets above all other considerations.

"We have always anticipated that laser communication will be eventually recognized as one of the key technologies underpinning strategic national interests. Evidence of late has shown overwhelmingly that this is now the case. Laser communication products will play a key role within the most critical communication chains of infrastructure projects that are of national interest. Mynaric aims to take the lead when it comes to supplying such infrastructure." - Bulent Altan, CEO

Mynaric considers its clear commitment to national interests of its core markets as critical to its business success. This commitment is even more important now, considering pending governmental opportunities in the US - a market that is currently gaining significant momentum. One example is the US Space Development Agency (SDA) which is currently evaluating proposals for their "Transport Layer Tranche 0" - an ultra-secure LEO constellation providing backbone to a planned US Government communication network in space and to which Mynaric issued bids to multiple satellite primes in May. Awards to the satellite primes are scheduled to be issued in mid-August after which Mynaric expects to be in close talks with the winners based on the proposals given to them. The company expects to hear if and how much it will contribute to the SDA's initial contract awards shortly after.



31.07.2020 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.

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Language: English
Company: Mynaric AG
Dornierstr. 19
82205 Gilching
Germany
Phone: +49 8105 7999 0
E-mail: [email protected]
Internet: www.mynaric.com
ISIN: DE000A0JCY11
WKN: A0JCY1
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1106891

 
End of News DGAP News Service

1106891  31.07.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 1,86 0,47 1,68 1,59 0,44 0,68 9,50
EBITDA1,2 -0,74 -1,72 -6,76 -6,25 -6,48 -19,69 -15,00
EBITDA-Marge3 -39,78 -365,96 -402,38 -393,08 -1.472,73 -2.895,59 -157,90
EBIT1,4 -0,84 -1,84 -6,95 -6,65 -4,20 -21,71 -18,00
EBIT-Marge5 -45,16 -391,49 -413,69 -418,24 -954,55 -3.192,65 -189,47
Jahresüberschuss1 -0,84 -1,84 -6,92 -6,65 -7,83 -22,74 -18,50
Netto-Marge6 -45,16 -391,49 -411,90 -418,24 -1.779,55 -3.344,12 -194,74
Cashflow1,7 -1,42 -1,64 -2,92 -7,50 -7,42 -18,15 -15,00
Ergebnis je Aktie8 -0,32 -0,70 -2,38 -2,29 -2,76 -6,71 -4,50
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: RSM

INVESTOR-INFORMATIONEN
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Mynaric
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0JCY1 71,000 Kaufen 290,60
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 -37,33
KBV KCV KUV EV/EBITDA
4,11 - 427,98 -12,63
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 14.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.09.2020 06.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-4,16% 0,82% -3,01% 36,54%
    
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