SLM Solutions reports continued growth for first half of 2015
August 26, 2015
SLM Solutions Group AG, Lübeck, Germany, a leading provider of metal-based Additive Manufacturing technology, has reported significant growth during the first half of 2015. The company received orders during the first half of 2015 that number almost three times the previous year 2014.
“Compared with the previous year, we report significant growth in our revenue during the first six months of the year. This growth is all the more pleasing considering that the first half of the year tends to be weaker, and we anticipate most of our business in 2015 to be realised towards the year-end. On a full-year view, we continue to project new order intake of more than 100 machines,” stated Uwe Bögershausen, CFO of SLM Solutions Group AG.
“Focus on the core of our business with Selective Laser Melting® technology is paying off. Key sales revenue drivers include a high number of new orders from existing customers, and many multi-machine orders from industrial customers as well as contract manufacturers,” stated Dr Markus Rechlin, CEO of SLM Solutions Group AG.
“Our new order intake also reflects a greater proportion of multi-laser machines that achieve greater build speeds for manufacturing production environments. The after-sales business, which also includes metallic powders, comprises a further strategic focus,” added Rechlin.
Total operating revenue of EUR 25.1 million was up by 85.7%, in line with the higher business volumes (previous year: EUR 13.5 million). The cost of materials ratio (as % of total operating revenue) of 56.4% was at a comparable level to the previous year’s 57.6%. Additionally, the number of employees as of June 30, 2015 nearly doubled compared with the previous year’s reporting date from 94 to 184, with the strongest concentration of hiring in R&D.
“The global market for additive manufacturing has grown by an average of 34 % over the past years, and it is set to reach a level of USD $22 billion by 2020, according to sector experts. We aim to grow at least as fast as the market, and better yet, would like to outpace this growth on a regular basis. In such a dynamic market environment, we do not think it exaggerated to speak of a new industrial revolution. We aim to continue to shape and design this revolution as a technology leader,” Rechlin added.
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