Lübeck, Germany (pta/02.02.2023/12:30 UTC+1)
SLM Solutions announces preliminary financial results with high revenue growth along with continued improvement in core operational profitability in FY 2022
Lübeck, Germany – February 2, 2023. SLM Solutions Group AG ("SLM Solutions", "SLM" or the "Company") announces preliminary and unaudited financial results for FY 2022 with revenues expected to be between EUR 103 m and EUR 106 m for the year ending December 2022. This reflects an increase of 37% to 41% respectively, as compared to the FY 2021. Furthermore, SLM Solutions has continued to significantly improve operational profitability. Adjusted EBITDA for the fourth quarter of 2022 which excludes expenses related to the Nikon takeover is expected to be positive, representing the third quarter of operational profitability in a row. Consequently, the Company has fulfilled and outperformed its guidance for the third consecutive year.
The NXG XII 600 was successfully rolled-out to customers in 2022, and its broad-based market acceptance is testament to the system's game changing capabilities. Additionally, the Company's broader product portfolio continues to drive increasing customer adoption of additive manufacturing technology, thereby further supporting the Company's growth.
In September 2022, SLM announced it had entered into a business combination agreement with Nikon Corporation. The transaction will further enhance the Company's ability to stay at the forefront of metal 3D printing innovation, driving the adoption of the technology for industrial scale production. Following the receipt of the required regulatory approvals, the takeover successfully closed on January 27, 2023.
Sam O'Leary, CEO of SLM Solutions said, "In a challenging macroeconomic environment, we achieved significant revenue growth, with revenues of over EUR 100 m for FY 2022, while also improving our operational profitability. We were able to deliver on the goals and ambitions we have set out consistently for each of the past three years."
SLM Solutions Annual Report 2022 with the final and audited financial statements for FY 2022 will be published on 23rd March 2023. The report will be available for download at www.slm-solutions.com in the "Investor Relations" section in German and English.
SLM Solutions Group AG has not yet completed its financial and operating closing procedures for the fourth quarter and full year 2022, including but not limited to, a review of various accounting estimates, completion and review of reconciliations, and various other year-end closing procedures. Furthermore, the preliminary financial results stated above have not been subject to a complete audit, review or other procedures by the Company's independent auditing firm. As a result, actual results may differ materially from the preliminary results shown above and will not be publicly available until the Company reports its fourth quarter and full year 2022 results.
About SLM Solutions
SLM Solutions is a global provider of integrated metal additive manufacturing solutions. Leading the industry since its inception, it continues to drive the future of metal AM in every major industry with its customers' long-term success at its core. SLM Solutions is home to the world's fastest metal additive manufacturing machines boasting up to 12 lasers and enabling build rates of up to 1000ccm/h. With a portfolio of systems to suit every customer's needs, along with its team of experts closely collaborating at every stage of the process, SLM Solutions leads the way on return on investment with maximum efficiency, productivity, and profitability. SLM Solutions believes that additive manufacturing is the future of manufacturing and has the desire and capability to take its customers there – right now.
SLM Solutions is a publicly-traded Company headquartered in Germany, with offices in Canada, China, France, India, Italy, Japan, Singapore, South Korea, and the United States.
Further information is available on www.slm-solutions.com.
This release contains statements on the future development of SLM Solutions. These forward-looking statements are based on the current expectations, presumptions, and forecasts of the Management Board as well as the information available to it to date and have been prepared to the best of its knowledge and belief. No guarantee or liability for the occurrence of the future developments and results specified can be assumed in respect of such forward-looking statements. Rather, the future developments and results are dependent on a number of factors. They entail risks and uncertainties beyond the Company's control and are based on assumptions which could prove to be incorrect. Notwithstanding any legal requirements to adjust forecasts, SLM Solutions does not assume any obligation to update the forward-looking statements contained in this report.
SLM Solutions Group AG
|Contact Person:||Jacob Sreekumaran|
|Phone:||+49 451 4060 3122|
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