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Forward AM reports 43% YoY revenue increase in Q1 2023

With an excellent performance in the European region

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Forward AM, the BASF 3D Printing Solutions GmbH brand based in Heidelberg, Germany, registered revenue growth of 43% for the first quarter of 2023. The brand, which operates within a subsidiary (of a subsidiary) of the giant BASF group, is not obligated to report revenue results in its quarterly financial reports so this communication comes voluntarily from the company to highlight the very positive momentum and enables us to gain a better understanding of the polymer AM industry’s growth rates.

Forward AM reports 43% YoY revenue increase in Q1 2023, with an excellent performance in the European region Our excellent first quarter results are based on the great engagement of the whole team leveraging on our portfolio in an ever-growing wayMartin Back, MD, Forward AM

According to MD Martin Back, the results confirm that the company’s redefined strategy is working well. “We are engaged in scaling up with the most advanced agile business management, marketing and sales processes. Having reorganized lately, we are now seeing the positive effects of producing high team performance and excellent business results.”

Back said that thanks to the many contributions of all employees systematically creating solutions for customers, as well as providing value across materials, applications and processes, BASF Forward AM is becoming a chosen partner in the AM industry.

“We are able to create scalable AM solutions for as yet unmet market needs with both speed and global presence. Our excellent first quarter results are based on the great engagement of the whole team leveraging on our portfolio in an ever-growing way – Back added. I would like to thank our customers and partners for their collaboration and look forward to our continued shared success. The only way forward is together.”

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Davide Sher

Since 2002, Davide has built up extensive experience as a technology journalist, market analyst and consultant for the additive manufacturing industry. Born in Milan, Italy, he spent 12 years in the United States, where he completed his studies at SUNY USB. As a journalist covering the tech and videogame industry for over 10 years, he began covering the AM industry in 2013, first as an international journalist and subsequently as a market analyst, focusing on the additive manufacturing industry and relative vertical markets. In 2016 he co-founded London-based VoxelMatters. Today the company publishes the leading news and insights websites VoxelMatters.com and Replicatore.it, as well as VoxelMatters Directory, the largest global directory of companies in the additive manufacturing industry.

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