Overview
Swedish 3D printer maker's Q4 sales grew 91% yr/yr
Company expanded in Asia with strategic collaboration and deliveries
Freemelt increased install base by 40% to 40 machines
Outlook
Freemelt targets SEK 1 bln in revenue by 2030
Company expects metal AM market to grow 18% annually
Freemelt aims to strengthen position in medtech, energy, and defense by 2025
Result Drivers
SALES GROWTH - Freemelt's Q4 sales increased by 91% yr/yr, driven by strategic expansions and collaborations
ASIA EXPANSION - Strategic collaboration with Jiuli in China and deliveries to Korea Institute of Material Science supported growth
SECTOR POSITION - Strengthened position in medtech, energy, and defense with a 40% increase in installed base
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 15.56 mln
Q4 EBIT
-SEK 26.01 mln
Press Release: ID:nMFN3BbLd0
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)