Arcam earnings exceptionally strong. CEO gives positive forward-looking statements for continued growth.
Q3 net income included a positive tax benefit of 23 MSEK (approximately 3.2M USD). When removing the tax benefit from Q3, Arcam earnings were 15.2 MSEK (or approximately 2.2 M USD in net income) vs. break even in Q3 of last year.
Magnus René, President & CEO of Arcam states:
“We are in rapid organic growth. We thus continue to recruit qualified employees in order to meet the expectations from our customers. During the period we have strengthened our service office in China and the support organization in Sweden. Through the acquisition of AP&C and DiSanto and through recruitment the number of employees has increased from 64 to 233 since September 2013. We will maintain an ambitious recruitment pace in order to further develop our technology and offering and thus exploiting the present business situation.
A strong order book and a positive business situation lay a solid foundation for a strong closing of 2014 and continued growth in 2015.”
Gary Anderson…..Follow me on Twitter: @3DPrintingStock
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Disclosure: I am long shares of ARCAM.
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