3D Printer HardwareFinancial ReportsMoney & Funding

SLM Solutions reports revenues up 11.2% with orders up 67%

Nine months results show over €51M so far 2021 as management expects to top $100M in 2022

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

In the first nine months of 2021, SLM Solutions saw a continuation of the upturn in its business, which was particularly visible in the strong Order-Intake increase of 67%. In total, SLM received orders of €42.8 m in the first 9 months of 2021, compared to €25.6 m in the first nine months of 2020. Revenues increased by €5.1 million or 11.2% to €51.1 million (9M 2020: €45.9 million) driven by a strong backlog position at the end of the second quarter of 2021 as well as an uptick in after sales revenues.

EBITDA of €–7.6 million still marked a significant improvement compared to the prior-year period, driven mainly by the top-line growth and a non-repeat of a significant inventory adjustment in the third quarter of 2020. The Company’s Order backlog rose by €14.5 million to €34.0 million year-on-year (30 September 2020: €19.5 million) driven by continued strength in the core portfolio as well as initial orders of the NXG XII 600. This provides a healthy basis for the further strong revenue growth that is expected for the remainder of 2021.

Sam O’Leary, CEO of SLM Solutions: “After only a slight Revenue increase of 2% at the end of the first half of the year, an acceleration of SLM’s growth occurred in the third quarter as expected. Compared to Q3 2020, Revenue increased by more than 30% to €19.3 million. In particular, we experience increased business activity and demand for our systems in our key markets in Europe and the US. The NXG XII 600, which we unveiled a year ago, has had the expected impact in the global metal AM market and will be a very meaningful contributor to our business in the years to come.”

SLM Solutions reports revenues up 11.2% with orders up 67% with 9 months at €51M so far 2021 as management expects to to $100M in 2022

As announced in October, SLM Solutions entered into a contract with Divergent Technologies for the purchase of three NXG XII 600 systems. Deliveries of the machines will start in Q2 2022. The company reports promising discussions with prospective buyers and expects that the majority of production slots that are available for the NXG XII 600 in 2022 will be fully booked by the end of 2021.

SLM Solutions FY confirmed

Based on the sound Order backlog and the overall business dynamics, SLM Solutions reaffirmed its outlook for 2021. As communicated in February, the management expects Revenue growth of at least 15% compared to 2020 and a year‑on-year improvement in EBITDA.

Dirk Ackermann, CFO of SLM Solutions: “With an order intake of around € 43 m after nine months, we are already close to the € 46 million achieved in the full year 2020. Our business has recovered noticeably in 2021 after the strict COVID19 containment measures in 2020. Although we observe bottlenecks in our supply chain, we were able to effectively manage any constraints by increasing our inventory levels. In the fourth quarter, the supply situation is expected to remain tight, but we do not expect this to have a significant impact on our performance.”

SLM Solutions reports revenues up 11.2% with orders up 67% with 9 months at €51M so far 2021 as management expects to to $100M in 2022

To €100M and beyond

The management also provided guidance for the fiscal year 2022. The management expects revenue for FY2022 to be at least € 100.0 million. In addition, the Company expects EBITDA for FY 2022 to improve materially compared to the fiscal year 2021, reaching a positive EBITDA on a quarterly basis in the second half of the fiscal year 2022.

In the long-term, SLM expects continued strong revenue growth driven by strong end-market demand and SLM Solutions´ industry-leading next-generation technology and system offerings. Therefore, management aims to increase Revenue five-fold by the end of 2026 compared to revenues expected for FY 2021.

 

Research 2021
Ceramic AM Market Opportunities and Trends

This market study from 3dpbm Research provides an in-depth analysis and forecast of the ceramic additive ma...

Davide Sher

Since 2002, Davide has built up extensive experience as a technology journalist, market analyst and consultant for the additive manufacturing industry. Born in Milan, Italy, he spent 12 years in the United States, where he completed his studies at SUNY USB. As a journalist covering the tech and videogame industry for over 10 years, he began covering the AM industry in 2013, first as an international journalist and subsequently as a market analyst, focusing on the additive manufacturing industry and relative vertical markets. In 2016 he co-founded London-based 3dpbm. Today the company publishes the leading news and insights websites 3D Printing Media Network and Replicatore, as well as 3D Printing Business Directory, the largest global directory of companies in the additive manufacturing industry.

Related Articles

Back to top button

We use cookies to give you the best online experience and for ads personalisation. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services

STAY AHEAD

OF THE CURVE

Join industry leaders and receive the latest insights on what really matters in AM!

This information will never be shared with 3rd parties

I’ve read and accept the privacy policy.*

WELCOME ON BOARD!