SLM Solutions – a leading manufacturer of metal 3D printers, records growing financial results. In the published report, the company announces a significant increase in the number of orders: the manufacturer received orders with a total value of EUR 24.7 million, which is almost a double increase compared to the first half of 2020, when they amounted to only EUR 13.7 million. Such a low order volume last year was obviously due to the lockdowns caused by the COVID-19 pandemic, but SLM Solutions was nevertheless able to recover and achieve one of the best results in its history.
In the first half of 2020, SLM took advantage of a number of one-off programs and relief measures, such as a loan cancellation for its American entity, reduced working hours at the company’s German headquarters in Lübeck, Germany, and a waiver of accruals. All this helped the company to survive in a relatively good condition, and the effects are already clearly visible. Revenues for the first half of this year. amounted to EUR 31.7 million. The company’s order backlog improved by EUR 11.0 million to increase to EUR 30.2 million year-on-year. This is reflected in the higher order volume and provides a good basis for the even higher revenue growth expected in the second half of 2021.
In addition to addressing low demand for metal 3D printers in 2020, the COVID-19 pandemic has forced SLMs to adopt a more digital marketing and sales approach. As a result, the company will not be attending formnext this year, citing a successful year in digital communications as the main reason.
The company will continue to communicate upcoming news and releases digitally while investing more in customer service and infrastructure and bonuses for its team. To support the new generation of 3D printing experts, SLM Solutions intends to allocate funds for educational programs.