Lübeck, Germany (pta/23.03.2023/08:00 UTC+1)
SLM Solutions posts revenue of EUR 105.7 m for FY 2022 (+41% YoY), with positive operational profitability for the three last quarters in 2022
March 23, 2023. SLM Solutions Group AG ("SLM Solutions", "SLM" or the "Company") announces its financial results for FY 2022 with revenues of EUR 105.7 m and operational profitability on an adjusted EBITDA level in the last 3 consecutive quarters. The Company's FY 2022 revenue reflects a year-over-year increase of 41%, as compared to the FY 2021. The Company further improved its operational profitability and posted an adjusted EBITDA, which excludes expenses related to the Nikon takeover, of EUR -1.2 m, improving significantly compared to FY 2021 (adjusted EBITDA FY 2021 of EUR -8.6m). With adjusted EBITDA for Q4 2022 amounting to EUR 0.3 m, SLM Solutions has posted three consecutive quarters of positive operational profitability.
Among others, the Company's strong performance in 2022 was driven by the successful roll-out of the NXG XII 600, strong revenue from the Company's broader product portfolio as well as its growing After Sales business.
In FY 2022, SLM Solutions took in orders totalling EUR 87.9 m, an increase of 25% compared to FY 2021. Against the backdrop of several global and macroeconomic headwinds, this performance highlights the strength of the value proposition provided to customers.
Sam O'Leary, CEO of SLM Solutions said, "With revenues of EUR 106m we have outperformed for the third consecutive year, while further continuously improving our operational profitability. We also joined forces with Nikon which will further strengthen our ability to stay at the forefront of metal additive manufacturing and innovation and deliver superior products and solutions to our customers."
Ongoing operational improvements
Driven by a strong emphasis on maintaining and enhancing operational efficiencies as well as the businesses' strong operating leverage SLM Solutions was turning EBITDA positive on a quarterly basis in Q2 2022, reporting an EBITDA of EUR -7.8m for FY 2022 and EUR -1.2m adjusted for one-off expenses related to the Nikon takeover transaction. SLM Solutions strives to stay at the forefront of innovation in the industry. Total spend for research & development therefore remained high in FY 2022 at EUR 18m or 17% of revenue increasing by 23% as compared to FY 2021.
Outlook for FY 2023
SLM Solutions expects to continue on its growth path in FY 2023 with notable revenue growth. Additionally, the Management Board expects a significantly improved EBITDA for FY 2023.
Dirk Ackermann, CFO of SLM Solutions: "Despite macroeconomic headwinds such as supply chain pressures and rising interest rates, our team was successful in delivering on goals with respect to our top line as well as our bottom line. Having already achieved break-even profitability on a quarterly basis, we now look forward to further improving our operational profitability in FY 2023."
Publication of Annual Report 2022
SLM Solutions' Annual Report for the financial year 2022 (German and English) will be made available in the course of the day in the "Investor Relations" section of www.slm-solutions.com.
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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