Lübeck, 01 Feb­ru­ary 2018 - The Su­per­vi­sory Board of SLM So­lu­tions Group AG ('Com­pany'), a lead­ing provider of metal-based ad­di­tive man­u­fac­tur­ing tech­nol­ogy, has ex­tended the Con­tract of Man­age­ment Board Mem­ber and CFO Uwe Böger­shausen until 30 June 2019. Mr. Böger­shausen has worked for SLM So­lu­tions since 2013 and led the com­pany to its suc­cess­ful IPO in 2014. A fur­ther Mile­stone was the Place­ment of a Con­vert­ible Bond with a total Vol­ume of 58.5 Mil­lion Euro in late 2017. 'The Con­tract Ex­ten­sion is an im­por­tant Sig­nal of con­ti­nu­ity and sta­bil­ity for the com­pany´s fur­ther de­vel­op­ment' says Hans-Joachim Ihde, Chair­man of the Su­per­vi­sory Board of the Com­pany.

'I am very glad to be part of the fur­ther de­vel­op­ment of SLM So­lu­tions. We have achieved a lot in the past and have an ex­cit­ing jour­ney ahead of us, which we are well pre­pared for with the ad­di­tion of Dr. Axel Schulz join­ing as Man­age­ment Board Mem­ber for Sales Op­er­a­tions', says Uwe Böger­shausen.

2017 was an event­ful year for the Com­pany. After the failed take-over at­tempt of Gen­eral Elec­tric at the end of 2016, SLM So­lu­tions' cus­tomers were hes­i­tant to place or­ders at the be­gin­ning of the year 2017. 'This un­cer­tainty on our cus­tomer side dis­ap­peared dur­ing the sec­ond half of the year. Thanks to sev­eral long-term frame­work agree­ments signed with cus­tomers, we were able to book a total order in­take of 169 Mil­lion Euro, which is an in­crease of more than 110% com­pared to 2016 and is ex­pected to trans­late into rev­enues within the com­ing years. Based on pre­lim­i­nary num­bers, we ex­pect Sales for the year 2017 in a range of 80 to 85 Mil­lion Euros' ex­plains Uwe Böger­shausen. For the year 2018, the Com­pany ex­pects Sales of around 125 Mil­lion Euros. This would cor­re­spond to a growth rate of 50% from 2017 to 2018 and would bring the com­pany back on track to­wards total Sales of 500 Mil­lion Euros in 2022. 'With the long-term frame­work agree­ments, for the first time, we now have a basis of around 40 Mil­lion Euros in rev­enues for the com­ing year we can plan with' says Uwe Böger­shausen. Hen­ner Schöneborn adds: 'We also see a change in cus­tomer order be­hav­ior: From Sin­gle-Ma­chine-Or­ders to Multi-Ma­chine-Or­ders in­clud­ing sys­tem in­te­gra­tion into ex­ist­ing pro­duc­tion chains. This will sup­port fur­ther strong growth. Be­sides our suc­cess in Sales, we are also mak­ing good progress in our de­vel­op­ment ac­tiv­i­ties: After the suc­cess­ful mar­ket in­tro­duc­tion of the SLM800 we are work­ing on our new pro­ject at full speed, a ma­chine with a build plat­form of 600 x 600 mm, which we ex­pect to pre­sent to the pub­lic at the end of 2019. We have al­ready re­ceived in­bound re­quests for such a ma­chine from a cus­tomer in the au­to­mo­tive sec­tor with whom we have al­ready signed a Co­op­er­a­tion Agree­ment. In ad­di­tion, es­pe­cially cus­tomers from the avi­a­tion and au­to­mo­tive in­dus­tries in­creas­ingly ex­pect in­te­grated so­lu­tions.' 'This is an­other in­ter­est­ing growth op­por­tu­nity for us, which we have al­ready started pur­su­ing', adds Uwe Böger­shausen.

Final num­bers for the year 2017 will be pub­lished on 28 March 2018.

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. The stock has been listed in the Tec­DAX index since March 21, 2016. 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 360 mem­bers of staff in Ger­many, the USA, Sin­ga­pore, Rus­sia, India and China. The prod­ucts are utilised world­wide by cus­tomers in par­tic­u­lar from the aero­space, en­ergy, health­care and au­to­mo­tive in­dus­tries.

SLM Solutions Group AG published this content on 01 February 2018 and is solely responsible for the information contained herein.
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