Brief: SLM Solutions FY Revenue Down 13% At EUR 71.7 Mln

Nikon SLM Solutions AG

28/03/2019 06:39

March 28 (Reuters) - SLM Solutions Group AG  AM3D.DE :
    * FY ORDER INTAKE (ADJUSTED FOR FRAMEWORK AGREEMENTS SIGNED IN FY2017) OF EUR 56 M COMPARED
TO EUR
54 M IN FY2017
    * FY2018 REVENUE OF EUR 71.7 WAS DOWN 13.1% COMPARED TO PREVIOUS YEAR (FY2017: EUR 82.5 M)
    * FY ADJUSTED EBITDA AT EUR -7.0 M SIGNIFICANTLY DOWN COMPARED TO FY2017 (EUR 2.0 M)
    * POSTPONEMENT OF CALL-OFFS FROM FRAMEWORK AGREEMENTS PRIMARY FACTOR FOR REVENUE REDUCTION
IN
FY2018
    * FOR FY2019, EXECUTIVE BOARD EXPECTS REVENUE TO BE APPROXIMATELY EUR 95 M AND ADJUSTED
EBITDA TO
BE APPROXIMATELY BREAK-EVEN
    * EXPECTS A POSITIVE DEVELOPMENT OF ORDERING BEHAVIOUR IN REMAINING 9 MONTHS OF FY2019
    * NEW CEO APPOINTED, EFFECTIVE MAY 01, 2019
    * FY CONSOLIDATED NET RESULT OF EUR -13.4 M DECLINED SIGNIFICANTLY COMPARED TO PREVIOUS YEAR
(FY2017: EUR -3.7 M)

Source text for Eikon:  ID:nEQb8yVbga 
Further company coverage:  AM3D.DE 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))