SLM Solutions, one of the leading global providers of metal additive manufacturing hardware, achieved revenues of approximately €61 million, up approximately 24% versus the previous year. Despite the significant challenges posed by the global COVID19 pandemic on industrial demand, SLM was able to deliver strong revenue growth across its product portfolio and global customer base.
“This year for SLM wouldn’t have been possible without the innovative hard work and dedication of the SLM team worldwide,” said Sam O’Leary, SLM’s CEO. “Helping to meet our customer’s needs while continuing to lead in industrializing additive manufacturing technology has proven to our customers that SLM is a strong and dependable long-term partner that will help them to overcome their manufacturing challenges and pursue new opportunities afforded by Additive Manufacturing.”
Preliminary EBITDA for 2020 of €14.5 million to €15.5 million reflects a significant improvement from a loss of €26 million in 2019 and lies towards the midpoint of the previously guided range. The improvement in EBITDA reflects the improvements in operational rigor implemented throughout the year.
For 2021, SLM is targeting revenue growth of at least 15% and a further improvement in EBITDA. Further, the Management Board of SLM Solutions expects the Company’s revenue growth to accelerate in 2022 due to the expected positive impact from sales of SLM’s NXG XII 600, the world’s leading and most productive powder bed laser fusion system. “The customer response we have received since the launch of our NXG machine has exceeded even our high expectations,” added O’Leary.
Continued revenue growth and a further improvement in profitability expected in 2021. The company’s stocks on the Xetra index are performing well.
Dirk Ackermann, CFO of SLM Solutions: “Compared to the first half of 2020, our order intake more than doubled in the second half of the year. Further supporting our positive outlook for 2021 is the strong machine backlog of EUR 30 million that we started the year with. While we still see some customer hesitation due to the uncertainties presented by COVID19, the benefits of additive manufacturing are also allowing many of our customers to better react to the supply chain and manufacturing challenges posed by the pandemic. Our current forecast cautiously assumes that the economic environment will slowly normalize and the COVID19 burdens will slowly ease during the second half of 2021. Should our core markets recover faster than assumed in this scenario, we do not rule out a stronger sales growth than currently expected.”
Charlie Grace has joined SLM as Chief Sales Officer and General Manager of the company’s US business. Charlie brings nearly 25 years of industry sales experience at companies ExOne, Xerox, EFI and 3D Systems. He will be based in the US, heading up SLM Solutions’ global sales team.
Sam O’Leary, CEO of SLM Solutions: “I look forward to working with Charlie and welcome him to the SLM Solutions management team. We are convinced that he will strengthen our global sales organization and our presence in US market and therefore make important contributions to SLM’s overall commercial success.”