SLM Solutions Group reports 2019 order intake up 21%
SLM Solutions Group AG, headquartered in Lübeck, Germany, has reported that it achieved an order intake value of €67.7 million for the full year 2019 which represents a 21% growth compared to 2018.
In the fourth quarter of 2019, the group recorded an order intake of €29.5 million, which represents 100% growth year-on-year.
The group states that, as announced on July 26, 2019, its revenue and adjusted EBITDA margin for 2019 will be significantly lower than the former Executive Board team’s originally forecasted group revenue of €95 million and the originally expected break-even adjusted EBITDA margin.
Meddah Hadjar, CEO of SLM Solutions since May 2019, commented, “As announced, we continue to work on addressing organisational gaps and positioning the company for long-term growth. Our interest is the long-term potential of SLM Solutions’ technology, however, the team has worked hard and achieved great progress in the second half of 2019.”
Hadjar added, “The double-digit growth in order intake in 2019 under the current market conditions demonstrates that the multi-laser technology is critical for additive adoption in all market segments. I want to thank the SLM team, our partners and our customers in believing in SLM and in the multi-laser technology.”
He continued, “We still have more work to do, but with the momentum of the second half-year, we believe that we have taken the right first steps towards a long-term successful future for SLM Solutions. Sam O’Leary, who is SLM Solutions’ Chief Operating Officer since December 1, 2019, Frank Hülsmann, SLM’s Chief Financial Officer since January 1, 2020, and the rest of the leadership staff that joined us in 2019 are working together with full dedication to position SLM Solutions as a market leader in our industry.”
