Arcam reports strong growth in Q1 with net sales up over 70%
April 22, 2015
Additive manufacturing systems and materials supplier Arcam AB, headquartered in Mölndal, Sweden, has reported strong growth in its first quarter 2015 statement. The company has seen net sales in the period increase by 72% to 111.4 (64.9) MSEK, with a trailing twelve month sales amounts to 385.4 MSEK. Operating profit for the period amounts to 2.1 MSEK and trailing twelve months the operating profit was 19.5 MSEK.
Arcam stated that its weak operating profit, in relation to the strong growth, was due to increased production capacity that is not yet fully utilised. The order intake during the period was 10 EBM systems and the order book by the end of the period was 20 EBM systems.
“While sales of our EBM systems continues to grow, also our acquisitions the metal powder manufacturer AP&C in Canada, and contract manufacturer DiSanto in the US grow. We now have an offering to our clients with our EBM systems as a hub and metal powders and contract manufacturing being important supplementary products broadening our offering to the market and providing recurring sales,” stated Magnus René, President & CEO.
“We received 10 new orders in the period and we see a continued strong demand, particularly from the aerospace industry. The order from GKN, which was presented in March, is an important key reference and a break through. Together with GKN we will take the next steps towards fully industrializing our EBM technology in the aerospace industry,” added René.
Sales of metal powders at AP&C was reported as continuing to grow following the installation of a third powder atomiser at the end of 2014. During the quarter Arcam also invested in production equipment at AP&C in order to streamline production to meet the demand for higher volumes.
During the quarter Arcam started a major expansion of its production facilities located in Mölndal. The expansion will double its production area and is scheduled for completion in the second quarter 2015.
“The growing interest and increasing knowledge of Additive Manufacturing and 3D printing gives us new customers in new industry segments. This may long term lead to a broadening of our product applications. Of the nine systems that we shipped during the quarter the main part went to customers in the implant or the aerospace industry,” stated René.
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