German additive manufacturing specialist SLM Solutions reported a strong set of results this morning. Revenues for the first 9-months 2015 reached EUR 34m, an increase of 80% y-o-y. Even more encouraging, order intake increased by 111,5% y-o-y to EUR 41.8m.
CEO Markus Rechlin comments:
“Our company experienced rapid revenue growth of 80 % during the first nine months of the year, reaching a level of EUR 33.9 million (previous year: EUR 18.8 million) which is already higher than the revenue for the full year 2014. Revenue generated with machines has almost doubled during the period under review (+97 %). The global market for additive manufacturing has grown by an average of 34 % over the past years, according to a recent report published by Wohlers Associates. We see ourselves as occupying pole position as technology leader, and we are pleased to be even outpacing mar- ket growth within this dynamic market environment.
A total of 64 machines were ordered in the reporting period (previous year: 36 machines). The value of the machines ordered has almost doubled to EUR 41.8 million during the period under review (previous year: EUR 19.7 million). Compared with the previous year, we have received three times as many orders for our flagship SLM500HL, which we have been producing in a new workshop hall in Lübeck since July.
Two thirds of our orders derived from producing customers that are increasingly utilising selective laser melting as a supplementary technology in series manu-facturing. We are pleased with the diversity of our customers, who also operate in aerospace, the energy sector, medical technology and research. These clients include names such as SLS France in dental technology, or the US aerospace supplier Sintavia that will produce aircraft components on the three machines the company has ordered.
We take an optimistic view of the further course of this business year following our strong performance during the first nine months of the year. We are confident that we can reach the targets that we have set for ourselves given the continued dynamism. We continue to aim to generate an adjusted EBITDA margin of 12 to 13 %, and new order intake of at least 100 machines. We are drawing ever closer to our sales revenue target following the conclusion of the first nine months of the year: with the revenue generated during the period under review plus the order book position that we aim to process by year-end, at EUR 54.3 million we are already close to our 2015 target revenue range. Therefore, we now expect full year revenue to lie in the upper end of the target corridor of EUR 55 to 60 million or above it.
The fourth quarter is of great importance for us, also because the important 3D printing sector trade fair formnext will be held between November 17 and 20 in Frankfurt, as well as Deutsche Börse’s Equity Capital Forum in the following week (November 23-25). We are looking forward to highly varied discussions with cus- tomers, business partners, investors and analysts in this context – please visit us at our trade fair stand.
We are bolstering our international sales and service network with the founding of two subsidiaries, in Shanghai and Moscow. The dynamic growth that we are experiencing requires that we bolster our team considerably, especially in sales and service, but also in product development. It is my experience that our staff are working together in a very committed manner to ensure that we not only retain, but also broaden, our flexibility and customer orientation as a growing company.
I would like to thank all our shareholders, customers, business partners and employees for your trust and confidence in our growth story.”