3D Printer Hardware3D Printing ProcessesAcquisitions, Mergers & PartnershipsFinancial ReportsIndustrial Additive ManufacturingProduct Launch

Zortrax Closes First Half of 2016 with Record Revenues for $6.7M

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

Zortrax reached a record-breaking $6,7M turnover in the first half of 2016, exceeding last year’s first-half result by more than $1.9M Zortrax – one of the leading European providers of 3D printing solutions – recently published its financial results for the first half of 2016. The company’s income level increased by 42% (compared annually), which resulted in more than $6,7 million of turnover. This exceeds last year’s first-half results by more than $1.9 million. Zortrax_M300_2The net profits have also increased by 114 percent annually to approximately $2 million. Sales of Zortrax’s key product, the M200 printer, have increased by 40 percent since the second half of 2015. “It was an intensive and demanding six months for us,” said Rafal Tomasiak, CEO of Zortrax. “We were working on the debut of the new M300 model and at the same time closing another financial round.” During that time Dariusz Miłek joined Zortrax as a new shareholder. The successful financial round enabled the company to transfer its research and development department from China to Poland and secure funding for future projects and acquisitions. The company has achieved the same income levels during the first six months of this year as it did during the first nine months of 2015. Zortrax also managed to increase its sales of printing materials, especially in the U.S. market where it noticed a 116-percent increase in sales compared to the same period in 2015. The American market is a top priority for Zortrax, as it plans to further develop the company’s market share in that country.

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...

3D Printing Media Network

3D Printing Media Network is the online trade media portal published by 3dpbm, a leading marketing and market research firm specializing in the AM industry. 3dpbm also publishes the 3D Printing Business Directory, the AM Focus eBook series and the 3dpbm Research AM Market Reports. 3D Printing Media Network was founded with the goal to provide the latest industry news, insights and opinions to a global audience of professionals and decision makers.

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!