13.07.2018 Mynaric AG  DE000A0JCY11

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

DGAP-News: Mynaric AG / Key word(s): Study
MainFirst analysts initiate coverage of Mynaric share with 'outperform'
rating and EUR 100 price target

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

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

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

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

Mynaric AG
Friedrichshafener Str. 3
82205 Gilching
[email protected]
+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


   Language:    English
   Company:     Mynaric AG
                Friedrichshafener Str. 3
                82205 Gilching
   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

   End of News    DGAP News Service

704353 13.07.2018

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0JCY1 56,400 Halten 152,52
KGV 2019e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
- 10,80 - -116,67
4,85 - 93,00 -42,614
Dividende '17 in € Dividende '18e in € Div.-Rendite '17
in %
0,00 0,00 0,00 17.07.2018
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Okt. 2018 24.04.2018
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
2,36% 2,84% 0,70% 0,00%

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