Despite a challenging year where many expressed doubts about the economic situation of the company, SLM Solutions reassures the industry by revealing an Order Intake value of EUR 67.7m for the full year 2019; a figure that represents a 21% growth compared to 2018.
The metal AM specialist earns success through the Order Intake of EUR 29.5m they recorded in Q4 of 2019 – which, according to the company, means 100% growth year-on-year.
Speaking of the company’s results in 2019, Meddah Hadjar, CEO of SLM Solutions since May 2019, said: “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“.
Investors and Industrials that would like to read the 2019 annual report of SLM Solutions Group AG may get access to it as from March 26, 2020 on the company’s website in the “Investor Relations” section.
As a reminder, 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.
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