SLM Solutions Group AG

  • WKN: A11133
  • ISIN: DE000A111338
  • Land: Deutschland

Nachricht vom 12.08.2021 | 07:30

SLM Solutions Group AG: Strong growth in Order intake of EUR 11 m to EUR 24.7 m; EUR 31.7 m in Revenues in H1 2021

DGAP-News: SLM Solutions Group AG / Key word(s): Half Year Results/Half Year Report
12.08.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

SLM Solutions: Strong growth in Order intake of EUR 11 m to EUR 24.7 m; EUR 31.7 m in Revenues in H1 2021

  • Strong Order intake meaningfully bolstered Order backlog (EUR 30.2 m as of 30 June 2021 vs. EUR 19.2 m as of 30 June 2020)
  • Slightly increased H1 2021 Revenue of EUR 31.7 m in line with management's expectations (H1 2020: EUR 31.2 m)
  • Acceleration of Revenue growth expected in the second half of 2021
  • EBITDA for H1 2021 of EUR -6.2 m at previous year's level (H1 2020: EUR -6.0 m)
  • Establishment of a Center of Excellence for nickel based super alloys on the US West Coast on track

Luebeck, 12 August 2021 - In the first half-year of 2021, SLM Solutions Group AG ("SLM Solutions", "SLM" or the "Company"), a leading global provider of additive manufacturing technology, saw a continuation of the upturn in its business, which was particularly visible in the strong increase in the Order intake. SLM received orders totalling a value of EUR 24.7 m, compared to only EUR 13.7 m in the first half of 2020, which was heavily burdened by the COVID-19 pandemic. Revenues increased slightly to EUR 31.7 m (H1 2020: EUR 31.2 m) while EBITDA of EUR -6.2 m was in the range of the prior year period (H1 2020: EUR -6.0 m). In H1 2020, SLM benefited from multiple one-offs effects such as a forgivable loan for its US entity, short-time work at its German headquarter in Lübeck and the release of accruals. The Company's Order backlog improved by EUR 11.0 m to EUR 30.2 m year-on-year (30 June 2020: EUR 19.2 m) which reflects the improved order-intake and provides a healthy basis for the acceleration in revenue growth that is expected for the second half of 2021.

Sam O'Leary, CEO of SLM Solutions: "SLM Solutions reports a positive business development for the first half of 2021. The easing of COVID-19 related meeting, travel and other restrictions due to increasing vaccination levels globally have improved overall operating conditions considerably. The easier interaction with our customers compared to the first half of 2020 is well reflected in the increase in our order intake and order backlog. We expect our business to continue to pick up over the coming months and, in terms of revenue, a strong second half of the year. For the years after 2021, the NXG XII 600 is evolving as intended as the important driver of SLM's further growth. Some weeks ago, SLM Solutions signed the first Memorandum of Understanding with a company in the US aerospace industry regarding the delivery of the NXG XII 600. The first system delivery is scheduled for Q2 2022. Additionally, we aim to conclude MoU negotiations with two other customers in the US aerospace industry in Q3 2021. From our point of view, these encouraging dynamics on the sales side illustrate that the NXG XII 600 is well underway to become the laser powder bed fusion system of choice for key players in the aerospace, automotive and energy sectors."

Outlook for FY2021 confirmed

Based on the sound Order backlog and the overall business dynamics, SLM Solutions reaffirms its outlook for 2021and expects Revenue growth of at least 15% compared to 2020 and a year-on-year improvement in EBITDA.

Dirk Ackermann, CFO of SLM Solutions: "The financial results achieved for the first half of 2021 are in line with our internal operating plan. In addition, we are also pleased with the steps we have successfully taken to strengthen the company's balance sheet. These include, in particular, the issuance of the second tranche of convertible bonds in April and the capital increase in July 2021. Combined, the two transactions generated gross proceeds of around EUR 40 m for SLM Solutions. We believe we are well positioned to finance the next growth steps planned for our company. This includes, among other things, the already announced establishment of a presence on the US West Coast. SLM Solutions has secured a location and started recruitment to establish a Center of Excellence for nickel based super alloys on the West Coast. The facility is expected to be operational in Q4 2021."

Earnings Presentation on 12 August 2021

SLM Solutions' report on the first six months of the financial year 2021 (German and English) will be made available in the course of the day in the "Investor Relations" section of www.slm-solutions.com. Today, 12 August 2021, at 4 p.m. CEST, the Management Board of SLM Solutions Group AG will present the figures for H1 2021 in an earnings presentation. The presentation can be followed online via livestream: https://www.webcast-eqs.com/slm20210812


About the company:
Based in Lübeck, Germany, SLM Solutions Group AG is a leading global supplier of metal-based additive manufacturing technology. The company's shares are traded on the Prime Standard of the Frankfurt Stock Exchange. The company develops and produces 3D printing machines and integrated system solutions in the field of Selective Laser Melting. SLM Solutions currently employs more than 400 people in Germany, France, Italy, the USA, Singapore, Russia, India and China.


Contact:
Dirk Ackermann
SLM Solutions Group AG
E-Mail: ir@slm-solutions.com



12.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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