SLM Solutions Group AG: Record revenue of EUR 51.9 m for H1 2023 driven by robust demand for metal AM solutions

Lübeck, Germany (pta007/07.08.2023/08:00 UTC+2)

• Order Intake for Q2 2023 / H1 2023 of EUR 25.5 m / EUR 50.8 m, up 13% / 29% YoY (Q2 2022: EUR 22.6 m / H1 2022: EUR 39.4 m)
• Revenues for Q2 2023 / H1 2023 of EUR 27.9 m / EUR 51.9 m, up 7% / 22% YoY. (Q2 2022: EUR 26.1 m / H1 2022: EUR 42.5 m)
• EBITDA for Q2 2023 / H1 2023 of EUR -4.1 m / EUR -8.4 m. (Q2 2022: EUR 1.3 m / H1 2022: EUR -3.0 m)

August 7, 2023. SLM Solutions Group AG ("SLM Solutions" or the "Company") announces 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."

Publication of Earnings Report
SLM Solutions' report for H1 2023 (German and English) will be available for download in the course of the day at www.slm-solutions.com in the "Investor Relations" section in German and English.

About SLM Solutions
SLM Solutions is a global provider of integrated metal additive manufacturing solutions. Leading the industry since its inception, it continues to drive the future of metal AM in every major industry with its customers' long-term success at its core. SLM Solutions is home to the world's fastest metal additive manufacturing machines boasting up to 12 lasers and enabling build rates of up to 1000ccm/h. With a portfolio of systems to suit every customer's needs, along with its team of experts closely collaborating at every stage of the process, SLM Solutions leads the way on return on investment with maximum efficiency, productivity, and profitability. SLM Solutions believes that additive manufacturing is the future of manufacturing and has the desire and capability to take its customers there – right now.

SLM Solutions is a publicly-traded Company headquartered in Germany, with offices in Canada, China, France, India, Italy, Japan, Singapore, South Korea, and the United States.

Further information is available on www.slm-solutions.com.

Disclaimer
This release contains statements on the future development of SLM Solutions. These forward-looking statements are based on the current expectations, presumptions, and forecasts of the Management Board as well as the information available to it to date and have been prepared to the best of its knowledge and belief. No guarantee or liability for the occurrence of the future developments and results specified can be assumed in respect of such forward-looking statements. Rather, the future developments and results are dependent on a number of factors. They entail risks and uncertainties beyond the Company's control and are based on assumptions which could prove to be incorrect. Notwithstanding any legal requirements to adjust forecasts, SLM Solutions does not assume any obligation to update the forward-looking statements contained in this report.

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Emitter:	SLM Solutions Group AG Estlandring 4 23560 Lübeck Germany
Contact Person:	Jacob Sreekumaran
Phone:	+49 451 4060 3122
E-Mail:	ir@slm-solutions.com
Website:	www.slm-solutions.com
ISIN(s):	DE000A111338 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate