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ARCM BTA - Arcam AB (publ) News Story

SEK295 0.0  0.0%

Last Trade - 14/11/17

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £66.7m
Position in Universe th / 1832

UPDATE 1-Arcam posts first quarterly sales fall in 2 years, shares tumble

Thu 21st July, 2016 8:45am
(Adds CEO-comment, background, detail, share reaction) 
    July 21 (Reuters) - Swedish 3D-printing equipment maker 
Arcam  ARCM.ST  reported its first quarterly decline in sales in 
two years on Thursday, sendings its shares sharply lower. 
    * Q2 net sales SEK 148 mln vs year-ago 151 mln 
    * Q2 operating loss SEK 5 mln vs year-ago 20 mln profit  
    * Q2 order intake amounted to 9 systems 
    * Quarterly year-on-year sales fall for the first time since 
Q2 2014 
    * Arcam sales surged 70 percent in both 2014 and 2015, and 
grew 43 percent in Q1 this year  
    * Arcam Chief Executive Magnus Rene tells Reuters Q2 sales 
drop is due to lumpiness of business 
    * Share down 12 pct at 0737 GMT, on track for biggest drop 
since Q1 results miss on Feb. 8 
    * Arcam says with 14 machines in order book, a stable 
aftermarket and a fast growing market for AM metal powders it is 
well positioned for a positive development in 2016 
    * Says wrote down parent company holding in DiSanto in 
quarter by SEK 28 mln. This has no effect on the consolidated 
numbers for the group  
Source text for Eikon:  ID:nWkrgu9967  
Further company coverage:  ARCM.ST  
 (Reporting by Oskar von Bahr; editing by Niklas Pollard) 
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