SLM Solutions Group AG, a global provider of metal-based additive manufacturing technology, achieved significant sales growth during the first nine months of 2015 and further bolstered its intake of new machine orders, according to a release from the company.
The company, headquartered in Lübeck, Germany, with a marketing, sales and service office in Novi, MI, saw revenue growth of 80% in the first three quarters of 2015 to reach €33,925,000, besting the previous year's revenue of €18,842,000. New orders were up by 111.5% to €41,766,000 as of September 30, 2015. Revenue and order bookings after nine months are already close to the 2015 revenue target range.
Uwe Bogershausen, CFO of SLM Solutions, expressed his satisfaction with these developments. "The third quarter proved very gratifying and reflected a strong course continuation of our year-to-date. We have relocated the production of our flagship SLM 500HL to a new facility and optimized the technical features of this system for large-scale, complex metal-part construction. Following on from nine orders of the SLM 500HL during the reporting period, we anticipate a stronger level of new orders during the fourth quarter.
New customers include Toyota Central R&D Labs, which ordered a SLM 280HL with many additional options. Overall, SLM Solutions received 64 orders, almost 78% more than during the first nine months of 2014.
Dr. Markus Rechlin, CEO of SLM Solutions, sees the company on a successful track during 2015. "We are drawing ever closer to our revenue target of at least €55 million for 2015. Adding the order bookings after the first nine months of the year to the revenue generated during the reporting period, we have almost achieved this amount at €54.3 million. We consequently expect to reach the upper end of our guidance range of €55 to 60 million, or even exceed it, by the year-end."
Addtionally, Rechlin looks forward to the fourth quarter, which experience shows to be the strongest of year. "We anticipate a further boost to our order book position to coincide with the formnext exposition and conference in Frankfurt this month."