Q3 sales increase by 125% at Arcam as business model evolves
October 17, 2014
Arcam AB, based in Mölndal, Sweden, has published its Interim Report for the period January – September 2014. The company stated that whilst sales of its Electron Beam Melting (EBM) systems continue to increase, the company has expanded its business with the metal powder manufacturer AP&C in Canada and the contract manufacturer DiSanto in the US, both acquired during this period.
The Arcam Q20 is designed for cost-efficient manufacturing
of a wide range of aerospace-related components such as
turbine blades and structural airframe components
“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 Arcam.
Trailing twelve months sales amounts to 268.7 MSEK and operating profit amounts to 13.4 MSEK. The operating profit includes non-recurring costs associated with the acquisition of AP&C and DiSanto of about 10.4 MSEK.
Commenting on sales of Arcam’s EBM machines, the company stated, “We received 21 new orders in the period and we see a continued strong demand, particularly from the aerospace industry. Order intake for our new large system, Arcam Q20, is strong. The work to industrialise our technology with the major players within the aerospace and implant industries continues and we can now see good opportunities for volume orders during the year. Of the 20 systems that were delivered during the period, the majority went to customers within the medical implant or the aerospace industry.”
“In addition to the acquisition of AP&C and DiSanto 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 and the support organisation in Sweden. Through the acquisition of AP&C and DiSanto and through recruitment the number of employees has increased from 64 to 233 since September 2013. We will maintain an ambitious recruitment pace in order to further develop our technology and offering and thus exploiting the present business situation.”
The company indicated that a strong order book and a positive business situation lays a solid foundation for a strong closing of 2014 and continued growth in 2015.
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