SLM Solutions, a German metal additive printer maker has published €67.7 million orders value for 2019. This is a 21 percent growth as opposed to 2018.
“The double-digit growth in order intake in 2019 under the current market conditions demonstrates that the multi-laser technology is critical for additive adoption in all market segments,” says SLM Solutions CEO, Meddah Hadjar.
He also said that they progress to work on handling organization clefts and putting the firm for continuing development. Their interest is the lasting capability of SLM solutions’ technology. But, the team has made efforts and attained good growth in 2019’s second half.
The firm’s order intake for 2019’s first quarter reduced from the previous year competing at €3.5 million from €8.9 million. This is as stated by SLM Solutions’ former CFO, Uwe Bögershausen. This was associated with negative EBITDA drift. This is a result of the lower earnings which triggered SLM Solutions to improve its predictions.
But Hadjar asserts that with the force of the second half of the year they believe that they have taken the best steps. This is towards a lasting prosperous future for SLM Solutions. This is clear since the 4th quarter of 2019 registered an order input of €29.5 million. This represents 100 percent development YOY.
The firm received the new CEO, Sam O’Leary since December 1, 2019. The firm also welcomed its new CFO, Frank Hülsmann, starting January 1, 2020. The individuals are making efforts to speed up the demand for SLM systems. “[They] are working together with full dedication to position SLM Solutions as a market leader in our industry,” explained Hadjar.
Supplement to the momentum of the firm in 2019’s second half, SLM Solutions joined a partnership with multinational production conglomerate Honeywell. The collaboration intends to pass new 3D printing parameters that allow printing at enhanced thicknesses. Because of that, SLM Solutions will be giving the materials and hardware for Honeywell to fit.
CeramicSpeed is a merchant of ceramic bearings for cycling and industrial applications and it is situated in Denmark. The Danish Technological Institute (DTI) together with CeramicSpeed use an SLM 500 metal 3D printing system to grow a 3D printed lift wheel for expert cyclists.
SLM Solutions Group’s yearly report is likely to be released on March 26, 2020.