SLM Solutions Reports Strong Growth
SLM Solutions Group AG, Luebeck, Germany, a provider of metal-based additive manufacturing technology, reports strong growth during the first nine months of 2014, further boosting its new order intake rate. Revenue (on IFRS basis) of tEUR 8,012 in the third quarter 2014 was 89.4 % ahead of the prior-year period (Q3 previous year: tEUR 4,231).
In the core segment with SLM technology growth was even stronger with 141,5 % growth to tEUR 7,121 (Q3 previous year: tEUR 2,949). During the first nine months of 2014, revenue of tEUR 18,842 was up by 47.3 % (9M previous year: tEUR 12,789), with the number of machines sold increasing over the same period to 27 (9M previous year: 16). Most of the revenue was generated in the SLM segment. Revenue fell further in the RP segment, as planned. In the immediate future SLM Solutions will focus on selling consumables in this segment.
CFO Uwe Bögershausen commented on the results: "We boosted our growth rate further during the third quarter. Over the nine-month period, we have more than doubled our new order intake - the most important early indicator of our operating growth. And we are already at the level of the full 2013 year in terms of our total output." During the period under review, new order intake amounted to 36 machines (9M previous year: 14 machines), including three orders for the flagship SLM 500HL product.
Total output - the sum of sales revenue, inventory changes and other own work capitalised - grew by 57.1 % year-on-year to tEUR 22,202 (9M previous year: tEUR 14,131) due to the very good order book position. The higher level of business volumes fed through to a 67.1 % increase in cost of materials to tEUR 12,311 (9M previous year: tEUR 7,370), with the cost of materials ratio (expressed as a percentage of total output) amounting to 55.5 % (9M previous year: 52.2 %).
CFO Bögershausen issues the following outlook for 2014: "On a current basis, we are assuming significant revenue growth and a solid adjusted EBITDA margin in the 2014 fiscal year. In terms of new order intake, we are now anticipating that it will lie at the upper end of the targeted range of between 40 and 50 machines by the end of the year."
SLM Solutions Group AG
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