SLM Solutions Group AG announced financial results for the first half of 2023 with record revenues of EUR 51.9 m for H1 2023, up 22% as compared to an already strong H1 2022 (EUR 42.5 m).
Order intake for Q2 2023 amounted to EUR 25.5 m, increasing by 13% as compared to Q2 2022 (EUR 22.6 m). The Company witnessed a robust growth in order intake driven by strong demand not only for the NXG XII 600 machines, but also for the broader product portfolio. This performance was driven by the increasing demand for metal additive manufacturing (AM) solutions, with SLM’s leading technological solutions providing customers with a strong value proposition.
SLM Solutions posted revenues of EUR 27.9 m for Q2 2023 (Q2 2022: EUR 26.1 m), resulting in a top line of EUR 51.9 m for H1 2023. The increase was driven by deliveries of the NXG XII 600 coupled with a robust performance of the broader product portfolio, that continues to garner strong market demand.
Operational profitability for H1 2023 was impacted by one off items, including a negative currency impact.
Sam O’Leary, CEO of SLM Solutions said, “We continue to grow the business at a steady pace, which is evident in the robust nature of revenue growth delivered. The integration with Nikon has made good progress and we expect this to continue further as we begin to realize synergies between the businesses. Overall, we remain confident about the long-term prospects of the business.”
Further details can be read directly in the report.