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SLM Solutions: Accelerated Revenue growth; Revenues up 11.2% in 9M 2021, order-intake up strongly at 67%

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DGAP-News: SLM Solutions Group AG / Key word(s): 9 Month figures/Quarter Results
11.11.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

SLM Solutions: Accelerated Revenue growth; Revenues up 11.2% in 9M 2021, order-intake up strongly at 67%

Luebeck, 11 November 2021 - In the first nine months of 2021, SLM Solutions Group AG ("SLM Solutions", "SLM" or the "Company"), a leading global provider of additive manufacturing technology, saw a continuation of the upturn in its business, which was particularly visible in the strong Order-Intake increase of 67%. In total, SLM received orders of EUR 42.8 m in 9M 2021, compared to EUR 25.6 m in the first nine months of 2020. Revenues increased by EUR 5.1 m or 11.2% to EUR 51.1 m (9M 2020: EUR 45.9 m) driven by a strong backlog position at the end of the second quarter 2021 as well as an uptick in after sales revenues.

EBITDA of EUR -7.6 m significantly improved compared to the prior year period (9M 2020: EUR -12.2 m) driven mainly by the top line growth and a non-repeat of a significant inventory adjustment in third quarter of 2020. The Company's Order backlog rose by EUR 14.5 m to EUR 34.0 m year-on-year (30 September 2020: EUR 19.5 m) driven by continued strength in the core portfolio as well as initial orders of the NXG XII 600. This provides a healthy basis for the further strong revenue growth that is expected for the remainder of 2021.

Sam O'Leary, CEO of SLM Solutions: "After only a slight Revenue increase of 2% at the end of the first half of the year, an acceleration of SLM's growth occurred in the third quarter as expected. Compared to Q3 2020, Revenue increased by more than 30% to EUR 19.3 m. In particular we experience increased business activity and demand for our systems in our key markets in Europe and the US. The NXG XII 600, which we unveiled a year ago, has had the expected impact in the global metal AM market and will be a very meaningful contributor to our business in the years to come."

As announced in October, we entered into a contract with Divergent Technologies for the purchase of three NXG XII 600 systems. Deliveries of the machines will start in Q2 2022. We continue to have promising discussions with prospective buyers and expect that the majority of production slots that are available for the NXG XII 600 in 2022 will be fully booked by the end of 2021.

Outlook for FY2021 confirmed

Based on the sound Order backlog and the overall business dynamics, SLM Solutions reaffirms its outlook for 2021. As communicated in February, the management expects Revenue growth of at least 15% compared to 2020 and a year-on-year improvement in EBITDA.

Dirk Ackermann, CFO of SLM Solutions: "With an order intake of around EUR 43 m after nine months, we are already close to the EUR 46 m achieved in the full year 2020. Our business has recovered noticeably in 2021 after the strict COVID19 containment measures in 2020. Although we observe bottlenecks in our supply chain, we were able to effectively manage any constraints by increasing our inventory levels. In the fourth quarter, the supply situation is expected to remain tight, but we do not expect this to have a significant impact on our performance."

Outlook for FY2022 and beyond

Yesterday, the management provided guidance for the fiscal year 2022. The management expects revenue for FY2022 to be at least EUR 100.0 million. In addition, the Company expects EBITDA for FY 2022 to improve materially compared to fiscal year 2021, reaching a positive EBITDA on a quarterly basis in the second half of fiscal year 2022.

In the long-term, SLM expects continued strong revenue growth driven by strong end-market demand and SLM Solutions' industry leading next generation technology and system offerings. Therefore, management aims to increase Revenue five-fold by the end of 2026 compared to revenues expected for FY 2021.

Earnings Presentation on 11 November 2021

SLM Solutions' report on the first nine months of the financial year 2021 (German and English) will be made available in the course of the day in the "Investor Relations" section of www.slm-solutions.com. Today, 11 November 2021, at 4 p.m. CET, the Management Board of SLM Solutions Group AG will present the figures for 9M 2021 in an earnings presentation. The presentation can be followed online via livestream: https://www.webcast-eqs.com/slm20211111

 

About the company:
SLM Solutions Group AG from Lübeck is a leading supplier of metal-based additive production technology. The company's shares are traded on the Prime Standard of the Frankfurt Stock Exchange. The company focuses on the development, assembly and sale of machines and integrated system solutions in the field of Selective Laser Melting. SLM Solutions currently employs more than 450 people in Germany, France, Italy, the USA, Singapore, Russia, India and China. The products are used worldwide by customers in the aerospace industry, the energy sector, healthcare and the automotive sector.

Contact:
Dirk Ackermann
SLM Solutions Group AG
E-Mail: ir@slm-solutions.com


11.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:

English

Company:

SLM Solutions Group AG

Estlandring 4

23560 Lübeck

Germany

Internet:

www.slm-solutions.com

ISIN:

DE000A111338

WKN:

A11133

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1248096


 

End of News

DGAP News Service

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