Arcam AB (publ) logo

ARCM BTA - Arcam AB (publ) News Story

SEK295 0.0  0.0%

Last Trade - 14/11/17

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £66.6m
Position in Universe th / 1828

UPDATE 1-Arcam shares drop as Q4 earnings disappoint, orders strong

Mon 8th February, 2016 10:13am
* Q4 sales SEK 176 mln vs year-ago 137 mln 
    * Net income SEK 2.7 mln vs 15.8 mln 
    * Order intake 29 printers vs 21 
    * Share drops 8.6 pct, worst day in over 5 months 
 
 (Adds background, detail, share reaction) 
    STOCKHOLM, Feb 8 (Reuters) - Shares in Swedish industrial 3D 
printer maker Arcam  ARCM.ST  fell on Monday as operating 
earnings were hit by higher costs, even though sales and order 
intake continued to rise at a rapid pace helped by a strong 
market for additive manufacturing. 
    The maker of electronic beam melting (EBM) systems said 
sales rose 28 percent to 176 million Swedish crowns ($20.8 mln) 
in the quarter, while net income dropped to 2.7 million Swedish 
crowns ($321,000) from 15.8 million in the year-ago period. 
    Remium analyst Viktor Hogberg said sales costs were higher 
than forecast in the quarter, and added negative net financial 
items and a high tax rate also had a negative impact on 
earnings. 
    "I think there is a disappointment that not more is 
filtering through to the bottom line," Hogberg said. 
    Shares in Arcam, which prior to the report was up 84 percent 
in the last six months, traded 6.9 percent lower for the day at 
1010 GMT. It was the stock's weakest trading day in over 5 
months.  
    The broader Stockholm stock market  .OMXSPI  was down 2.3 
percent. 
    Arcam, which competes with the likes of Germany's SLM 
Solutions  AM3D.DE  and privately held EOS, said order intake 
rose to 29 printers from 21 in the fourth quarter of 2014. 
    Hogberg of Remium said he had anticipated 21 new orders.     
    "We are well positioned to take advantage of our 
opportunities in the fast growing market for Additive 
Manufacturing," Chief Executive Magnus Rene said in a statement. 
 
($1 = 8.4179 Swedish crowns) 
 
 (Reporting by Oskar von Bahr, editing by Terje Solsvik) 
 ((oskar.vonbahr@thomsonreuters.com; +46 8 700 11 46; Reuters 
Messaging: oskar.vonbahr.thomsonreuters.com@reuters.net)) 
 
Keywords: ARCAM RESULTS/
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