SLM Solutions : Capital increase paves the way for expansion; lowering 2019e and 2020e estimates based on new guidance
>A challenging 2018 - SLM announced its full-year 2018 figures on 28 March, which were in line with the company’s latest guidance issued at YE 2018. Sales were down 13.1% yoy to € 71.7m (€ 2017: 82.5m), and EBITDA swung sharply to a loss of € -7.0m from € 2.0 m 2017, resulting in an EBITDA margin in line with guidance (i.e. in the negative double-digit range). The main reason for the weak results were delayed call-offs from framework agreements signed in 2017. The net...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.
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