SLM Solutions : Adjusting our estimates and TP post profit warning and weak Q3 18 figures
>Q3 2018 results below expectations - SLM’s posted Q3 2018 figures on 8 Nov. that were overall below our estimates. Q3 sales were down -11.7% yoy to € 18.6m (Q3 17: € 21.2m) and below our estimate of € 23m. Adjusted EBITDA came in at € -0.5m, also below our estimate of € -0.1m due to a higher personal cost ratio (36.7%) than we expected. Net income was flat yoy at € -2.1m (Q3 2017: € -2.0m), corresponding to EPS of € -0.12 (Q3 2017: € -0.11), again below our estimate ...SLM Solutions Group AG is a Germany-based company active in the field of industrial design and rapid manufacturing. It is engaged in the development, production and distribution of selective laser melting systems (SLM), which create three-dimensional (3D) objects from metal powders. The system selectively melts layers of metal powders with a laser beam, based on computer aided design (CAD) data. Its offering includes SLM 125, SLM 280, SLM 500, and automatic powder sieving station PSA 500, among others. The Company also serves customers in the fields of vacuum and metal casting. Its technology can be applied in automotive, education, aerospace and medical industries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.