SLM Solutions Group AG is a German metal 3D printer maker and has announced its Financial profits for the financial year 2019. The firm generated. The company made €49 million in income for FY2019. This is compared to €71.7 million for the past year, denoting a 31.7 percent drop.
But, as disclosed in the initial steps of 2020, SLM Solutions’ application intake estimation of €67.7 million for FY2019 increased by 20.8%. This is when compared to €56 million for FY2018. Furthermore, order intake for the company in Q4 2019 increased by 100% from €14.7 million to €29.5 million as opposed to the fourth quarter of 2018.
Identifying the hard year for the firm in 2019, CEO of SLM Solutions, Meddah Hadjar proposes that the improved order intake is symbolic of customer assurance: “2019 was an exceptionally difficult year and marked by major changes for SLM Solutions […] The path to sustainable economic success will take time. The first tangible results can already be seen in the order intake. Despite the difficult market environment in the Additive Manufacturing industry, our order backlog grew significantly in the second half of 2019.”
“This is an indication that we have been able to regain market share and to gain customers’ confidence, particularly in the USA, in the aerospace industry, as well as in the automotive sector.”
The firm’s revenue is split into two sections; After Sales Business and Machine Business. The Machine Business consists of SLM’s selective laser devices and accessory machines, whereas After Sales Business comprises of income produced by extra pieces, service powder, training, and installation of devices.
For the 2019 financial year. SLM Solutions’ Machine Business division made created €35.1 million in income, a 37.6% drop as opposed to the unit’s profit of €56.3 million in FY2018. The firm sold an entirety of 49 additive manufacturing machines all through 2019, whereas in 2018 SLM Solutions traded 99 systems.
Profits from the After Sales Business dropped from €15.4 million in FY2018 to €13.8 million in FY2019. This represents a 10.2% decline.
Of the units combined, European nations apart from Germany which is listed individually held the highest number of income for FY2019. They recorded €17.2 million, but, this is compared to €23.6 million in income for the region in FY2018. For the Pacific/Asia, unit earning was recorded at €14.1 million for FY2019. This is as opposed to €21.9 million for the past year.
For the entire US, the FY2019 unit was recorded at €11.5 million, against €14.9 million in FY2018. As noted by Hadjar, who was in early 2019 selected as SLM Solutions CEO, the firm obtained force in the late half of 2019. This added to its order input lift. In this time, the firm joined into a partnership with multinational production conglomerate Honeywell to approve new 3D printing parameters that allow printing at improved thicknesses.