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SLM解决方案enjoying “strongest ever” year to date as revenue growth hits 36% in 9M 2022

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Metal 3D printer manufacturerSLM解决方案(AM3D) has announced the generation of record-breaking revenue within its 9M 2022 financial results.

Over the first nine months of 2022, SLM Solutions generated revenue of €69.4 million, a 35.8% increase on the €51.1 million it brought in during Q3 2021. The company says this growth has been driven in large part by demand for theNXG XII 600, which continues to see “robust interest across a broad spectrum of customer segments,” and is “expected to drive further growth” in the quarters to come.

SLM Solutions首席执行官Sam O’Leary说:“在2022年上半年的强劲动力基础上,我们能够为第三季度2022取得令人印象深刻的成绩。”“我们发布了另一种创纪录的收入绩效,同时进一步提高了我们的运营盈利能力。尽管存在持续的挑战,但我们继续通过重新定义制造业来创新和为客户带来价值。”

An SLM Solutions showroom.
An SLM Solutions showroom. Image via SLM Solutions.

SLM解决方案’ 9M 2022 financials

不仅仅是SLM解决方案的收入在900万2022年增长,因为其其他几个主要销售指标在此期间也大大增加。该公司的订单摄入量从2021年的4280万欧元增长了46.5%,达到6,270万欧元。在连续第四季度,SLM Solutions还报告了其有史以来最大的积压职位,以5080万欧元的未实现订单完成了第二季度2022年第三季度。

Almost all the company’s annual growth was driven by its Machine Sales division, which itself was mainly boosted by NXG XII 600 demand, and the strong US dollar. That said, SLM Solutions’ 9M investors’ presentation showed that 63% of its install base is still made up ofSLM 280客户,因此其传统机器投资组合仍然是其业务的重要组成部分。

不幸的是,由于物质短缺,该公司还看到了第四季度的一些销售,这在上个季度缓解了,但“仍然具有挑战性”。相比之下,SLM Solutions在销售业务同比持平之后带来的收入,这归功于“去年第三季度的一次性一次”。该公司预计该部门将在第四季度重新增长,尽管它预计其毛利润仍将受到采购材料问题的影响。

SLM Solutions CFO Dirk Ackermann在其收入电话会议上表示,在某些情况下,它必须支付六倍的售价才能获得第三方的材料。他补充说,该公司的主要电子供应商之一继续在自己的供应链上挣扎,这表明破坏可能是一个持续的问题。

Financials (€) 9M 2021 9M 2022 差异(€) Difference (%) 9M 2019 9M 2022 差异(€) Difference (%)
Order Intake 428m 627m +19.9m +46.5 38.2m 627m +24.5m +64.1
End of Q3 Backlog 34.0m 50.8m +16.8m +49.4 18.4m 50.8m +32.4m +176.1
Revenue 51.1m 69.4m +18.3m +35.8 33.4m 69.4m +36.0m +107.8
EBITDA -7.6m -1.5m +6.1m +80.3 -19.7m -1.5m +18.2m +92.4

A busy nine months for SLM Solutions

尽管O’Leary并未在公司的收入电话中直接命名其任何客户,但今年早些时候透露Divergent Technologies已经购买了多个NXG XII 600系统。该公司,负责建立Czinger 21C hypercar, entered a long-term Service Level Agreement to install six of the machines in August.

In Q4, it was also announced thatAtlantic XLhad installed an SLM 280, boosting SLM Solutions’ backlog, and that the company was bringing a new system to market. Known as the ‘NXG XII 600E,’ this larger version of the NXG XII 600 features an extended 1.5-meter build envelope in the Z-axis, in a way that’ll open up larger-format applications to its first user,Concurrent Technologies, from 2023.

在第三季度的最后一个月,在其他地方宣布Nikon had bid $622 million for SLM Solutions。Taking the opportunity to provide an update on the takeover, O’Leary said the acceptance rate for Nikon’s offer was around 75% as of November 1, 2022, meaning that it has now secured over 86% of the company’s shares. FDI approval has also been granted in Germany, the UK, France and Canada, with only the US now outstanding, and final acceptance rates will be published this month.

SLM解决方案' NXG XII 600E 3D printer. Image via SLM Solutions.
SLM解决方案’ NXG XII 600E 3D printer. Image via SLM Solutions.

预测FY收入增长

由于其强劲的订单状况,SLM溶解tions is reiterating its previously issued revenue guidance for FY 2022 of ‘at least €100 million.’ When it comes to EBITDA, the company achieved break-even in Q2 2022, before repeating this feat in Q3 2022. That said, the firm has stated that it’s “working towards the continuous improvement of its operational profitability,” and making this a key focus point.

In his closing remarks, Ackermann added that material sourcing “may impact performance in the last quarter,” but 3D printing is continuing to benefit from a “multitude of trends” that improve its value proposition against traditional technologies, giving him confidence in his company’s prospects.

“我们继续progress on all fronts of the business with order intake, backlog and revenue at record highs,” concluded Ackermann. “Looking forward, we are well positioned to further develop our top line while also making meaningful improvements to our operational profitability.”

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Featured image shows an SLM Solutions showroom. Photo via SLM Solutions.