{"id":68807,"date":"2019-07-29T13:33:05","date_gmt":"2019-07-29T05:33:05","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/metal-3d-printing-company-slm-solutions-reports-revenue-of-86-million-22-increase-in-sales.3dm"},"modified":"2019-07-29T13:33:05","modified_gmt":"2019-07-29T05:33:05","slug":"metal-3d-printing-company-slm-solutions-reports-revenue-of-86-million-22-increase-in-sales","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/metal-3d-printing-company-slm-solutions-reports-revenue-of-86-million-22-increase-in-sales\/","title":{"rendered":"Metal 3D printing company SLM Solutions reports revenue of $86 million, 22% increase in sales"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">250<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">212<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">35<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">3<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p><span style=\"font-weight: 400;\">SLM Solutions Group AG<\/span> <span style=\"font-weight: 400;\">(FRA:AM3D) has reported headline financial information ahead of the full release of FY2016 financial returns at the end of this month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This preliminary report shows SLM Solution beat expectations, based upon their adjusted revenue range for FY 2016, with total revenue of \u20ac80.7 million. The L\u00fcbeck-based company are a leader in metal additive manufacturing and was the target of a takeover bid by GE last year. Prior full year revenue was \u20ac66.1 million.<\/span><\/p>\n<figure id=\"attachment_106985\" style=\"width: 768px\" class=\"wp-caption alignleft\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-106985\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/CAP-B-shop-slm-Sintavia_Aero-Blades-768x381.jpg\" alt=\"Titanium aerospace blades produced by Sintavia on an SLM 280HL Machine from SLM Solutions. Image via Sintavia. \" width=\"768\" height=\"381\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/CAP-B-shop-slm-Sintavia_Aero-Blades-768x381.jpg 768w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/CAP-B-shop-slm-Sintavia_Aero-Blades-768x381-200x99.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/CAP-B-shop-slm-Sintavia_Aero-Blades-768x381-500x248.jpg 500w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><figcaption class=\"wp-caption-text\">Titanium aerospace blades produced by Sintavia on an SLM 280HL Machine from SLM Solutions. Image via Sintavia.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The company reports revenue in two segments: selling laser melting systems and after sales. Today\u2019s results show that 86.3% of revenue is attributable to sales, with the remainder comprising service revenues, sales of replacement parts and merchandise.<\/span><\/p>\n<p><b>Increased orders during 2016<\/b><\/p>\n<p><span style=\"font-weight: 400;\">During 2016 SLM Solutions took order for 130 machines, an increase on the prior year figure of 102. As at year end the company\u2019s order book stood at \u20ac80 million (2015: \u20ac61 million). According to SLM Solutions the increase reflects, \u201ca higher rate of increase than the number of machines ordered due to the higher-value product mix\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On today\u2019s results Uwe B\u00f6gershausen, CFO, said<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">2016 was characterised by extraordinary events, and ultimately fell short of our expectations. But at the same time we also see that general interest in our technology has risen significantly. Additive manufacturing has now become quite mature and is finding its natural place alongside classic manufacturing processes. Its industrial relevance is beyond question \u2013 and not just in a few niches, but in the main.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Board member Henner Sch\u00f6neborn added, <\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">We continue to be very well positioned on the market with our multi-laser technology and aim to seize the opportunities on offer to us within this dynamic environment. With a look to 2017, we consequently expect to return to the previous years&#8217; strong growth. Cost and sales growth are to remain in a healthy relationship with each other in this context.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The full annual report will be published on March 30, 2017 and  Industry will bring you more information as we have it. To be the first with all the latest news about metal additive manufacturing, <\/span><span style=\"font-weight: 400;\">subscribe to our newsletter<\/span><span style=\"font-weight: 400;\"> and <\/span><span style=\"font-weight: 400;\">follow our active social media accounts<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><em>Featured image shows SLM Solutions fabricated castle. Photo by Michael Petch.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>250shares 212 35 3 SLM Solutions Group AG (FRA:AM3D) has reported headline financial information ahead of the full release of FY2016 financial returns at the end of this month. This preliminary report shows SLM Solution beat expectations, based upon their adjusted revenue range for FY 2016, with total revenue of \u20ac80.7 million. The L\u00fcbeck-based company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182710,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/03\/CAP-B-shop-slm-Sintavia_Aero-Blades-768x381.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,64,158],"class_list":["post-68807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-aerospace","tag-space"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Metal 3D printing company SLM Solutions reports revenue of $86 million, 22% increase in sales - 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