SLM Solutions Group AG (“SLM Solutions”, “SLM” or the “Company”) announces its financial results for Q1 2023 with revenues of EUR 24.0 m. The Company’s top line reflects a year-over-year (YoY) increase of 47%, as compared to Q1 2022. Order intake for the period was EUR 25.3 m, a 50% increase YoY. The Company reports an EBITDA of EUR -4.3 m, improving by 3% as compared to Q1 2022. The operational profitability was negatively impacted by one off items, including a negative currency impact.
Highlights
- Revenues for Q1 2023 of EUR 24.0 m, up 47% YoY (Q1 2022: EUR 16.4 m)
- Order Intake for Q1 2023 of EUR 25.3 m, up 50% YoY (Q1 2022: EUR 16.9 m)
- EBITDA for Q1 2023 of EUR -4.3 m negatively impacted by one-off impacts, improving by 3% YoY. (Q1 2022: EUR -4.4 m)
The strong topline and order intake performance was driven by the NXG XII 600 and ongoing strength of the broader product portfolio.
Sam O’Leary, CEO of SLM Solutions said, “Once again, we were able to achieve significant revenue and order intake growth in the first quarter of 2023. Whilst we experienced a headwind in our operational profitability, we expect this to significantly improve during the rest of the year. In addition, we have been working closely with Nikon since the closing of the transaction in January and remain excited about the possibilities of our collaboration which already start to be realized.”
Publication of Quarterly Report
SLM Solutions’ report for the first quarter of 2023 (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.
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