SLM Solutions Group AG (FRA:AM3D) metal 3D printer manufacturers, has released its full financial report for 2016. The company, headquartered in Germany, reports consolidated revenue up 22.0% on the previous year at TEUR 80,707, recording an adjusted EBITDA of TEUR 3,069.
86.3 % of the revenue is made from sales of its selective laser melting (SLM) systems used in aerospace, oil & gas, medical, defence and automotive industries, including work on the Blade 3D printed supercar by Divergent3D.
Continuing “very positive development”
In 2016, the company received 130 orders of its SLM machines, 28 more than orders received in 2015 with an added value of 30.9 %. Consolidated net results after taxes are down on the previous year at TEUR -3,483, with cash flow from operating activities also showing an improvement to TEUR -6,283.
Uwe Bögershausen, CFO of SLM Solutions, comments on the release,
SLM Solutions once again succeeded in realising clear double-digit revenue growth. This represents a continuation of our company’s very positive development. However, we are convinced that the outstanding technology employed by our machines can enable us to achieve considerably higher growth rates in future. It goes without saying that such development should also once again positively influence earnings.
2016’s new machines
SLM Solutions released its SLM 280 machine, the SLM 280 2.0, at Formnext 2016 in Frankfurt. Henner Schöneborn, CTO of SLM Solutions, gave further comments on additive manufacturing technology at SLM,
We believe that we are excellently positioned for further growth with our multi-laser technology. Our newly introduced machines which can be fitted with multiple 700-watt lasers are excellently suited for the series production of parts. At the same time we are permanently expanding our range of competencies – we are aiming to continue our development into an integrated solutions provider through close cooperation with the industry.
The SLM 280 2.0 was also showcased for an ability to create the fine tread of car tyres in 3D printed molds at the Tire Technology Exhibition in Hannover 2017.
A full report of SLM Solutions’ earnings for FY 2016 can be viewed here.
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Featured image shows SLM Solutions at Formnext. Photo by Michael Petch.
