SLM Solutions Group AG: Forecast Adjustment for financial year 2018, long-term growth prospects unchanged
Lübeck, 20 December 2018 – The Executive Board of SLM Solutions Group AG ("SLM" or "Company") is adjusting its revenue and earnings forecast for the 2018 financial year and now expects sales in the double-digit percentage range below the previous year's level (82.5 million Euro) with a negative double-digit EBITDA margin.
On 01 November 2018, a sales target in the range between 90 million Euro and 100 million Euro was communicated. On the one hand, call-off´s from framework agreements signed in 2017 have been delayed, on the other hand, the company would have to grant significant concessions on various contractual parameters in order to achieve the before mentioned sales target. These would be detrimental to the company's long-term interests and in the view of the Executive Board do not correspond to a sustainable corporate strategy.
Dr. Axel Schulz, as CSO responsible for sales at SLM, says: "The Executive Board sees this as the right decision in the long term, as our technology continues to be market-leading, and at the same time the basic demand for our products remains on a high level. The business opportunities with a total value of 630 million Euro have risen sharply from 422 million Euro, the level from before the industry trade show formnext. "
To improve the predictability of SLM's business, the Company's Executive Board continues to work on further refining its strategy and structural adjustments as announced on November 08, 2018.
About the company:
Lübeck-based SLM Solutions Group AG is a leading provider of metal-based additive manufacturing technology. The company's shares are traded in the Prime Standard of the Frankfurt Stock Exchange. SLM Solutions focuses on the development, assembly and sale of machines and integrated system solutions in the field of selective laser melting. SLM Solutions currently employs over 400 members of staff in Germany, Austria, France, Italy, the USA, Singapore, Russia, India and China. The products are utilised worldwide by customers in particular from the aerospace, energy, healthcare and automotive industries.