Swedish Additive Manufacturing equipment manufacturer Arcam AB has reported a 21% increase in sales for the first six months of 2014. Trailing twelve month sales amounts to 218.3 MSEK and earnings amount to 11.7 MSEK. The result includes non-recurring costs in the first quarter 2014 associated with the acquisition of AP&C of 6 MSEK. The order intake during the period amounts to 16 systems and the order book as of today comprises 17 systems.
In February 2014 the company acquired the powder producer AP&C from Raymor Industries in Canada. AP&C is a leading manufacturer of high quality metal powder and supplier of titanium powder to Arcam since 2006. “Titanium powder is an important part of our offering and with this acquisition we have secured access to the best technology for the production of high quality metal powder for our customers,” stated Arcam.
Arcam has reported strong demand from the aerospace industry and received ten new orders. The sales of the company’s new large system, Arcam Q20, has gained momentum and resulted in eight system orders. Of the 11 systems that were delivered during the first quarter the majority went to customers within the orthopaedic implant or the aerospace industry.
In June Arcam launched Inconel 718 as a qualified material for use in the company’s EBM systems. “With the introduction of the Inconel 718 our customers in the aerospace industry can now further expand the range of components that they produce in their EBM machines.”
“In addition to the acquisition of AP&C we are in rapid organic growth. We thus continue to recruit qualified employees in order to meet the expectations from our customers. During the period we have strengthened our service office in China, the support organization in Sweden and the sales organization. Through the acquisition of AP&C and through recruitment the number of employees has increased from 55 to 113 since June 2013. We will maintain an ambitious recruitment pace in order to further develop our technology and offering and thus exploiting the present business situation,” stated Magnus René, CEO Arcam AB.