SLM : achieves order intake growth of 50% and revenue growth of 47% in the first quarter of 2023

OUR MISSION:

TO EMPOWER YOURS

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CONTENTS

FINANCIAL HIGHLIGHTS	4
GROUP MANAGEMENT REPORT	5
INTERIM CONSOLIDATED FINANCIAL STATEMENTS	11
NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS	19

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FINANCIAL HIGHLIGHTS

	Units	Q1 2023	Q1 2022	∆
	(in %)
Revenue	kEUR	24,036	16,387	47%
EBITDA	kEUR	(4,255)	(4,374)	3%
EBITDA-margin	%	(18%)	(27%)	34%
(% of Revenue)
Period Result	kEUR	(8,973)	(7,382)	(22%)
EPS	EUR	(0.29)	(0.33)	11%

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GROUP MANAGEMENT REPORT

SLM Solutions Group AG ("SLM Solutions", "SLM" or the "Company") is a forward-thinking technology Company that has consistently created world firsts in the field of metal additive manufacturing. SLM Solutions has a proud technology heritage as one of the core inventors of the process and continues to push the boundaries of additive manufacturing thanks to the creativity of the Company's global workforce, of which >40% are engineers.

RESULTS OF OPERATIONS

Revenue

The Company posted total revenues of kEUR 24,036 for the first quarter of 2023, 47% higher as compared to the corresponding period in 2022 (kEUR 16,387).

Revenue attributable to the Machine Business segment amounted to kEUR 19,109 for the three-month period ending March 2023, higher by 68% in comparison with the same period in 2022 (kEUR 11,380). This performance was driven by an increase in system sales across the machine portfolio, to a diverse customer base which included both new and repeat customers. The Machine Business segment has benefited from a diverse product portfolio that caters to a wide range of customers including those with large and growing requirements for advanced additive manufacturing solutions.

The Company's After-Sales Business segment posted revenues of kEUR 4,927 for the three-month period ending March 2023, reflecting a 2% decrease over the comparable period in 2022 (kEUR 5,007).

EBITDA

SLM Solutions reported an EBITDA of kEUR -4,255 for the three-month period ending March 2023, improving by 3% as compared to the same period in 2022 (kEUR -4,374). Although the Company's top line improved by 47% during the same period, business profitability improved not by the same extent. The main reasons for this are negative currency impacts, a one-off order with a major customer with a significant discount as well as an order for an NXG XII 600 with a significant variable compensation component, which is only due upon fulfillment of certain preconditions, which were not yet fulfilled at the end of the quarter. As a result, the gross margin in the machine segment in particular developed negatively.

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