SLM Solutions records the best 9-month financial results in history

SLM Solutions announced financial results for the first nine months of 2022, achieving revenue growth +36% higher compared to the same period last year. The NXG XII 600 metal 3D printer, the flagship product of the company, continues to enjoy great popularity among a wide range of customers and the company expects it to continue to drive further development of its business. Confirmation may be the fact that at the end of September this year. SLM Solutions’ order backlog amounted to EUR 50.8 million and was +49% higher compared to September 2021.

In the third quarter of the year, SLM Solutions generated revenue of EUR 26.9 million – +39% more than last year. In the nine months of 2022, the company generated revenues of EUR 69.4 million. EBITDA amounted to EUR -1.5 million for 9 months of 2022, which means an improvement of +80% compared to the corresponding period of 2021, when the result was EUR -7.6 million. This improvement reflects the noticeable operational leverage in the business. Working capital increased to EUR 42.2 million, the increase being primarily due to higher inventory levels as the Company prepares for upcoming shipments of ordered machines.

Taking into account the strong position in the order book and high demand dynamics, SLM Solutions confirms its forecasts for 2022 with revenues of at least EUR 100 million. Regarding the EBITDA forecast for 2022, the Company reached the EBITDA break-even point already in the second quarter of 2022 and repeated this result also in the third quarter of 2022. Looking ahead, SLM Solutions intends to work to continuously improve operational profitability.

In September 2022, Nikon Corporation through its subsidiary Nikon AM. AG has initiated a voluntary public offering for all outstanding SLM Solutions shares at EUR 20 per share. Following the initial acceptance period of a voluntary public takeover bid, Nikon has secured 86.17% of the share capital and voting rights of SLM, including shares that may result from the conversion of all convertible bonds maturing in 2026.

Source: www.slm-solutions.com