SLM Solutions, leading provider of metal-based additive manufacturing technology, reports revenue down 13.5% in the first half of 2017 to EUR 29.0 million (H1 2016: EUR 33.5 million). New order intake, which grew 17.9% to EUR 35.3 million (H1 2016: EUR 30.0 million) on a reduction in machines ordered to 47 (H1 2016: 56 units), shows a positive trend towards growth in the level of sales of higher-performance, and consequently higher-value, machines.
Uwe Bögershausen, Member of the Executive Board of SLM Solutions Group AG, comments: “Additive manufacturing is becoming increasingly accepted and has meanwhile achieved strategic importance for major industrial companies. We are benefiting from this trend and booked our largest individual order in the company’s history in June 2017. We continue to experience major interest in our systems. We aim to move forward in further developing and adapting our systems to meet a wide variety of production requirements through the partnerships we have entered into over the past months, amongst others with Divergent in the USA and BeamIT in Italy. Partially due to some customers’ wait-and-see attitude, the interest in our machines cannot be translated immediately into deliveries. We assume, however, that this trend is temporary and as we did in the past we will continue to focus on promoting strategic partnerships with our customers.”
Additive manufacturing strategy
SLM Solutions focuses its growth on a three steps strategy: R&D, full-service solutions and expanding international sales and service network.
The company has divisions in Michigan, USA, Singapore, Shanghai, Moscow, Bangalore, and headquarters in LĂĽbeck, Germany.
The SLM Solutions Group AG report on the first half of 2017 is available from today in both German and English from www.slm-solutions.com under the “Investor Relations” menu option.
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