SLM Solutions reports revenue increase of 41% in 2022

March 30, 2023

The company’s strong performance in 2022 was reputedly driven by the successful roll-out of the NXG XII 600 seen here (Courtesy SLM Solutions)
The company’s strong performance in 2022 was reputedly driven by the successful roll-out of the NXG XII 600 seen here (Courtesy SLM Solutions)

SLM Solutions Group AG, Lübeck, Germany, has announced its financial results for FY 2022 with revenues of €105.7 million and operational profitability on an adjusted EBITDA level in the last three consecutive quarters. The company’s FY 2022 revenue is said to reflect a year-over-year increase of 41%, as compared to the FY 2021.

The company further improved its operational profitability and posted an adjusted EBITDA – which excludes expenses related to the Nikon takeover – of €-1.2 million, improving significantly compared to FY 2021 (adjusted EBITDA FY 2021 of €-8.6m). With adjusted EBITDA for Q4 2022 amounting to €0.3 million, SLM Solutions has posted three consecutive quarters of positive operational profitability.

The company’s strong performance in 2022 was reputedly driven by the successful roll-out of the NXG XII 600, strong revenue from the company’s broader product portfolio as well as its growing after-sales business.

Subscribe to our twice-weekly newsletter
Sign up

In FY 2022, SLM Solutions took in orders totalling €87.9 m, an increase of 25% compared to FY 2021. Against the backdrop of several global and macroeconomic headwinds, this performance is said to highlight the strength of the value proposition provided to customers.

Sam O’Leary, CEO of SLM Solutions stated, “With revenues of €106 million, we have outperformed for the third consecutive year, while further continuously improving our operational profitability. We also joined forces with Nikon which will further strengthen our ability to stay at the forefront of metal Additive Manufacturing and innovation and deliver superior products and solutions to our customers.”

Driven by a strong emphasis on maintaining and enhancing operational efficiencies as well as the businesses’ operating leverage, SLM Solutions was turning EBITDA positive on a quarterly basis in Q2 2022, reporting an EBITDA of €-7.8 million for FY 2022 and €-1.2 million adjusted for one-off expenses related to the Nikon takeover transaction. SLM Solutions strives to stay at the forefront of innovation in the industry; spend for research & development thus remained high in FY 2022 at €18 million – or 17% – of revenue increasing by 23% as compared to FY 2021.

Outlook for FY 2023

SLM Solutions said that it expects to continue on its growth path in FY 2023, with notable revenue growth. Additionally, the management board expects a significantly improved EBITDA for FY 2023.

Dirk Ackermann, CFO of SLM Solutions, concluded, “Despite macroeconomic headwinds such as supply chain pressures and rising interest rates, our team was successful in delivering on goals with respect to our top line as well as our bottom line. Having already achieved break-even profitability on a quarterly basis, we now look forward to further improving our operational profitability in FY 2023.”

SLM Solution’s Annual Report for the financial year 2022 is available on the company’s website.

Download Metal AM magazine
The company’s strong performance in 2022 was reputedly driven by the successful roll-out of the NXG XII 600 seen here (Courtesy SLM Solutions)

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Separation anxiety: Lessons learned at NASA from a developmental rocket engine failure
  • What is 'good' metal AM? Exploring the industry's value metrics for production
  • An inside perspective on China’s thriving metal Additive Manufacturing industry
  • Additive Manufacturing for jewellery and watchmaking: Exploring the potential of sinter-based technologies
  • Metal Additive Manufacturing for digital dentistry: An introduction for dental professionals
  • Case study: The development of a multi-material heat sink by Additive Manufacturing using Aerosint technology

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
Download PDF
Share via
Copy link
Powered by Social Snap