SLM Solutions Group AG: Management Board Contract Extension, Presentation of preliminary Sales-numbers for the year 2017 and Guidance 2018
Lübeck, 01 February 2018 – The Supervisory Board of SLM Solutions Group AG („Company“), a leading provider of metal-based additive manufacturing technology, has extended the Contract of Management Board Member and CFO Uwe Bögershausen until 30 June 2019. Mr. Bögershausen has worked for SLM Solutions since 2013 and led the company to its successful IPO in 2014. A further Milestone was the Placement of a Convertible Bond with a total Volume of 58.5 Million Euro in late 2017. “The Contract Extension is an important Signal of continuity and stability for the company´s further development” says Hans-Joachim Ihde, Chairman of the Supervisory Board of the Company.
“I am very glad to be part of the further development of SLM Solutions. We have achieved a lot in the past and have an exciting journey ahead of us, which we are well prepared for with the addition of Dr. Axel Schulz joining as Management Board Member for Sales Operations”, says Uwe Bögershausen.
2017 was an eventful year for the Company. After the failed take-over attempt of General Electric at the end of 2016, SLM Solutions’ customers were hesitant to place orders at the beginning of the year 2017. “This uncertainty on our customer side disappeared during the second half of the year. Thanks to several long-term framework agreements signed with customers, we were able to book a total order intake of 169 Million Euro, which is an increase of more than 110% compared to 2016 and is expected to translate into revenues within the coming years. Based on preliminary numbers, we expect Sales for the year 2017 in a range of 80 to 85 Million Euros” explains Uwe Bögershausen. For the year 2018, the Company expects Sales of around 125 Million Euros. This would correspond to a growth rate of 50% from 2017 to 2018 and would bring the company back on track towards total Sales of 500 Million Euros in 2022. “With the long-term framework agreements, for the first time, we now have a basis of around 40 Million Euros in revenues for the coming year we can plan with” says Uwe Bögershausen. Henner Schöneborn adds: “We also see a change in customer order behavior: From Single-Machine-Orders to Multi-Machine-Orders including system integration into existing production chains. This will support further strong growth. Besides our success in Sales, we are also making good progress in our development activities: After the successful market introduction of the SLM800 we are working on our new project at full speed, a machine with a build platform of 600 x 600 mm, which we expect to present to the public at the end of 2019. We have already received inbound requests for such a machine from a customer in the automotive sector with whom we have already signed a Cooperation Agreement. In addition, especially customers from the aviation and automotive industries increasingly expect integrated solutions.” “This is another interesting growth opportunity for us, which we have already started pursuing”, adds Uwe Bögershausen.
Final numbers for the year 2017 will be published on 28 March 2018.
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 360 members of staff in Germany, the USA, Singapore, Russia, India and China. The products are utilised worldwide by customers in particular from the aerospace, energy, healthcare and automotive industries.