SLM Solutions announces preliminary financial results with continued topline growth and profitability improvement, outperforming its guidance for FY 2021
- Robust topline growth in FY 2021 with revenues of approx. EUR 75 m, increasing by over 20% as compared to FY 2020. (FY 2021 Guidance: at least 15% YoY increase)
- EBITDA for FY 2021 expected to be between EUR -9 m and EUR -10 m, an improvement of around 30% year-over-year. (FY 2021 Guidance: YoY improvement)
- Order intake for FY 2021 expected to be approx. EUR 70 m, up by over 50% as compared to FY 2020.
- Strongest order backlog in the Company’s corporate history as at year-end 2021 of approx. EUR 43 m, increasing by over 40% as compared to year-end 2020 and providing SLM Solutions with a solid base going into 2022.
- SLM Solutions reaffirms the FY 2022 guidance for revenue and EBITDA.
Lübeck, Germany – February 17, 2022. SLM Solutions Group AG ("SLM Solutions", "SLM" or the "Company") announces preliminary and unaudited financial results for the year ending December 2021 with an expected revenue of EUR 75 m, representing an increase of over 20% as compared to the previous year. In 2021, SLM Solutions continued its strong performance with top line growth driven by increased sales across the entire product portfolio. At the same time, the Company’s operational excellence was instrumental in further improving its profitability with an expected EBITDA of between EUR -9 m and EUR -10 m for FY 2021, an improvement of around 30% as compared to the previous year. Based on the strong order backlog position going into 2022, SLM Solutions reaffirms guidance for FY 2022 with revenue of at least EUR 100 m and break-even EBITDA on a quarterly basis in the second half of 2022.
Sam O’Leary, CEO of SLM Solutions said, “I am proud of the contribution of each of our employees during this past year. Their commitment to delivering the future is what underlies our continued strong performance. We once again outperformed our revenue guidance finishing the year with over 20% growth compared to 2020. While our new machine, the NXG XII 600, will further accelerate our growth in 2022 and beyond, our strong performance in 2021 was led by our existing product portfolio which we expect will gain further market share in the coming years.”
SLM´s game-changing machine, the NXG XII 600, continued its strong momentum in the last quarter of 2021. During the year, SLM received orders from customers in the automotive, energy, space, aviation and service bureau industries demonstrating the multi-faceted nature of use-cases that the NXG XII 600 solution provides. In total, SLM has received seven firm and three conditional orders in 2021. Customers signing orders in the fourth quarter include a leading space company in California, MAN Energy Solutions as well as Collins Aerospace. O´Leary further adds, “We are proud to be at the forefront of the industrialization of metal additive manufacturing and expect the NXG XII 600 to be the first choice for customers looking for large volume serial production for years to come.”
The final and audited financial statements will be published on 24th March 2022, in SLM Solutions’ Annual Report 2021. The report will be available for download at www.slm-solutions.com in the “Investor Relations” section in German and English.
SLM Solutions Group AG has not yet completed its financial and operating closing procedures for the fourth quarter and full year 2021, including but not limited to, a review of various accounting estimates, completion and review of reconciliations, and various other year-end closing procedures. Furthermore, the preliminary financial results stated above have not been subject to a complete audit, review or other procedures by the Company’s independent auditing firm. As a result, actual results may differ materially from the preliminary results shown above and will not be publicly available until the Company reports its fourth quarter and full year 2021 results.
About SLM Solutions
SLM Solutions is an integrated solutions provider and metal additive manufacturing partner. The company is vested in customers' long-term success with metal additive manufacturing. Robust Selective Laser Melting machines optimize fast, reliable, and cost-efficient part production, and SLM Solutions' experts work with customers at each stage of the process to provide the support that elevates the use of the technology and ensures their return on investment is maximized. A publicly traded company, SLM Solutions Group AG is headquartered in Germany, with offices in Canada, China, France, India, Italy, Japan, Russia, Singapore, South Korea, and the United States.
For more info contact: www.slm-solutions.com
Disclaimer
This release contains statements on the future development of SLM Solutions. These forward-looking statements are based on the current expectations, presumptions, and forecasts of the Management Board as well as the information available to it to date and have been prepared to the best of its knowledge and belief. No guarantee or liability for the occurrence of the future developments and results specified can be assumed in respect of such forward-looking statements. Rather, the future developments and results are dependent on a number of factors. They entail risks and uncertainties beyond the Company's control and are based on assumptions which could prove to be incorrect. Notwithstanding any legal requirements to adjust forecasts, SLM Solutions does not assume any obligation to update the forward-looking statements contained in this report.