SLM Solutions Group AG: FY 2016 forecast adjustment
Lübeck, December 1, 2016 – The Management of SLM Solutions Group AG is adjusting its forecast of selected key management figures for the 2016 fiscal year as follows: on a full-year view, the company now anticipates consolidated revenue in a range between EUR 75 million and EUR 80 million and a positive adjusted EBITDA margin in a single-digit range. The original forecast assumed consolidated revenue between EUR 85 million and EUR 90 million and an adjusted EBITDA margin above the previous year’s level. The company now expects the personnel cost ratio (in relationship to total operating revenue) to increase year-on-year – at the start of the year, the management anticipated an improvement compared with the 2015 fiscal year.
These adjustments mainly reflect reticence on the customer side triggered by M&A activities during the second half of the year, leading to slower revenue growth in the second half of 2016. This reticence could not be fully reversed by the positive course of the industry fair formnext.
ABOUT THE COMPANY
Lübeck-based SLM Solutions Group AG is a leading provider of metal-based additive manufacturing technology. The company’s shares are traded in the Prime Standard of the Frankfurt Stock Exchange. The stock has been listed in the TecDAX index since March 21, 2016. SLM Solutions focuses on the development, assembly and sale of machines and integrated system solutions in the field of selective laser melting. SLM Solutions currently employs over 310 members of staff in Germany, the USA, Singapore, Russia and China. The products are utilised worldwide by customers in particular from the aerospace, energy, healthcare and automotive industries.