- Q1 revenue grew 130 % to EUR 8.5 million
- By March 31, SLM Solutions had already received orders valued at EUR 14.4 million – a quadrupling compared with the previous year’s quarter’s EUR 3.6 million. This new order intake comprises 17 machines (previous year: 7 machines), and includes 7 units of the top performing product, the SLM 500HL (previous year: 0), 7 units of the SLM 280HL (previous year: 5) and 3 units of the SLM 125HL (previous year: 2).
- Adjusted EBITDA increased to a positive EUR 0.3 million this year, vs. negative EUR -0.2 million in Q1 of 2014
- Management Board anticipates consolidated revenue increasing to between EUR 55 million and EUR 60 million in 2015
See Q1 2015 Earnings Press Release
The Q1 growth trend is apparently continuing also. CEO Dr. Markus Rechlin stated:
“Our new order intake has reached a total of EUR18.5million as of May 11 – compared with EUR 7.4 million in the previous year. In the context of industrial manufacturing, plant and machine builders are focusing increasingly on metal-based 3D printing to produce complex components with outstanding properties.”
See also: (SLM Solutions Q1 2015 Report (PDF)
SLM Solutions Corporate Overview Video
Based in Lübeck, Germany, SLM Solutions began trading as a public company in May 2014. SLM Solutions uses selective laser melting, or SLM, technology in the industrial metals space. In addition to an OEM of 3D printers, SLM also produces vacuum and investment casting systems. SLM’s customers are in the automotive, aerospace, construction, consumer electronics, and medical device industries and include General Electric, Siemens, BMW, and NASA. SLM opened a location in Novi, Mich in 2013 to provide closer access to U.S. automotive customers.
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Disclosure: I am long shares of SLM Solutions
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