Lübeck, January 8, 2020 – SLM Solutions Group AG ("SLM Solutions" or the "Company"), a leading provider of metal-based additive manufacturing technology, achieved an Order Intake value of EUR 67.7m for the full year 2019. This represents a 21% growth compared to 2018.
In the fourth quarter of 2019 SLM Solutions recorded an Order Intake of EUR 29.5m which represents 100% growth year-on-year.
Meddah Hadjar, CEO of SLM Solutions since May 2019, comments: "As announced, we continue to work on addressing organizational 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. 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.
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".
The 2019 annual report of SLM Solutions Group AG will be published on March 26, 2020 at www.slm-solutions.com in the "Investor Relations" section.
As announced on July 26, 2019, SLM Solutions' Group revenue and adjusted EBITDA margin for 2019 will be significantly lower than the former Executive Board team's originally forecasted Group revenue of EUR 95m and the originally expected break-even adjusted EBITDA margin.
About the company:
Lübeck-based SLM Solutions Group AG is a leading provider of metal-based additive manufacturing technology. The company's shares are traded in the Prime Standard of the Frankfurt Stock Exchange. SLM Solutions focuses on the development, assembly and sale of machines and integrated system solutions in the field of selective laser melting. SLM Solutions currently employs over 400 members of staff in Germany, France, Italy, the USA, Singapore, Russia, India and China. The products are utilised worldwide by customers in particular from the aerospace, energy, healthcare and automotive industries.