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PRESS RELEASE: SLM Solutions reports 37% YoY revenue growth to EUR 45.9 million for the first nine months of 2020

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DGAP-News: SLM Solutions Group AG / Key word(s): 9 Month figures/Quarterly /
Interim Statement
SLM Solutions reports 37% YoY revenue growth to EUR 45.9 million for the
first nine months of 2020

2020-11-05 / 07:30
The issuer is solely responsible for the content of this announcement.

*SLM Solutions reports 37% YoY revenue growth to EUR 45.9 million for the
first nine months of 2020 *

· Revenue increased by 37% to EUR 45.9 million in 9M 2020 (9M 2019: EUR
33.4 million)

· EBITDA for 9M 2020 improved to EUR -12.2 million (9M 2019: EUR -19.7

· New orders of EUR 11.9 million in Q3 2020, slightly above new orders in
Q2 2020 of EUR 10.7 million and EUR 2.9 million in Q1 2020, in a difficult
operating environment due to the COVID-19 pandemic. New orders for 9M 2020
of EUR 25.6 million below 9M 2019 (EUR 38.2 million)

· Order backlog at EUR 19.5 million, 6% above the order backlog at the end
of Q3 2019

· Inventory review completed in Q3 2020 with an impairment leading to a
one-off negative effect on EBITDA in the amount of EUR 2.3 million

· Virtual launch event of the next generation machine - the most
productive selective laser melting system available in the market - on 10
November 2020

*Lübeck, 5 November 2020 - *SLM Solutions Group AG ("SLM Solutions" or the
"Company"), a leading supplier of metal-based additive manufacturing
technology, reported revenue of EUR 45.9 million for the first nine months
of the 2020 financial year and EBITDA of EUR -12.2 million. Both figures
improved significantly compared to the same period last year, despite the
unfavourable market environment due to the COVID-19 pandemic.

In the third quarter of 2020, SLM Solutions recognized revenue of EUR 14.8
million, a slight increase over the revenue recorded in Q2 2020 of EUR 13.3
million but below the revenue recorded in Q3 2019 of EUR 17.1 million. The
main driver of the YoY decrease in Q3 continues to be the effects of the
COVID-19 pandemic such as travel limitations, restrictions on access to
customer premises to install and test new machines but also softer capital
spending by customers in times of significant uncertainty. Due to COVID-19
related restrictions, not all machines that were ready for delivery could be
installed and put into operation at the customers' premises.

Incoming orders amounted to EUR 11.9 million in Q3 2020, continuing the
positive trend in order intake in 2020, with Q2 order intake of EUR 10.7
million and EUR 2.9 million in Q1 2020. Overall, the total order intake in
the first nine months of EUR 25.6 million (9M 2019: EUR 38.2 million) slowed
down compared to the previous year given the significant restrictions
imposed by COVID-19 and the resulting global economic slowdown. The order
backlog of EUR 19.5 million as of 30 September 2020 compares to EUR 18.4
million on 30 September 2019.

EBITDA (earnings before interest, taxes, depreciation and amortization)
improved by EUR 7.5 million to EUR -12.2 million for the reporting period
(9M 2019: EUR -19.7 million). The key driver for the EBITDA improvement was
the increase in revenue.

Meddah Hadjar, CEO of SLM Solutions: "SLM Solutions showed a solid
performance in the third quarter. Although the COVID-19 pandemic burdens our
target markets and has led to a clearly noticeable reluctance of customers
to invest, we nevertheless were able to improve revenue and order intake
compared to the second quarter. Despite the adverse environment the
development program of our next generation SLM(R) machine is fully on track,
which is of particular strategic importance to us. The upcoming market
launch of this new machine is a significant milestone for the entire metal
manufacturing industry, as it will revolutionize the industrialization of
metal additive manufacturing using SLM(R) technology. We are very pleased to
present the most productive selective laser melting system available in the
market on 10 November 2020."

Dirk Ackermann, CFO of SLM Solutions: "In the third quarter, we also
completed the review of our inventories, which has been ongoing since the
beginning of the year. This led to a negative EBITDA effect of EUR 2.3
million in the past quarter. We do not expect any further significant
balance sheet or P&L effects from this measure in the future, which means
that we will see our operating performance much more clearly in our results
from Q4 2020 onwards."

The Management Board confirms the guidance communicated on 12 August 2020,
expecting a revenue increase of at least 20% compared to the previous year
for the full year 2020 (revenue 2019: EUR 49.0 million). For Group EBITDA,
SLM Solutions expects an improvement to a level between EUR -13 million and
EUR -18 million (EBITDA 2019: EUR -26.0 million). This forecast is based on
the assumption that there will be no significant deterioration of the
COVID-19 situation with extensive lockdown measures in the Company's key
sales markets during the remainder of 2020.

SLM Solutions launches its next generation SLM(R) machine on 10 November
2020, 4PM CET. The entire event will happen online. Please find further
details here: https://www.slm-pushing-the-limits.com/ [1]

SLM Solutions Group AG's report on the first nine months of the financial
year 2020 will be made available for download at www.slm-solutions.com in
the "Investor Relations" section in German and English.

*About the company:*
Lübeck-based SLM Solutions Group AG is a leading provider of metal-based
additive manufacturing technology. The company's shares are traded in the
Prime Standard of the Frankfurt Stock Exchange. SLM Solutions focuses on the
development, assembly and sale of machines and integrated system solutions
in the field of selective laser melting. SLM Solutions currently employs
over 400 members of staff in Germany, France, Italy, the USA, Singapore,
Russia, India and China. The products are utilised worldwide by customers in
particular from the aerospace, energy, healthcare and automotive industries.

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

2020-11-05 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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: SLM Solutions Group AG
Estlandring 4
23560 Lübeck
Internet: www.slm-solutions.com
ISIN: DE000A111338
WKN: A11133
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1145593

End of News DGAP News Service

1145593 2020-11-05

1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=7b431dbe9a51e2550d7ea00f8f2a559c&application_id=1145593&site_id=vwd&application_name=news

(END) Dow Jones Newswires

November 05, 2020 01:30 ET ( 06:30 GMT)

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