SLM Solutions Group AG, a provider of metal-based additive manufacturing technology, reports that it achieved significant sales revenue growth during the first nine months of 2015.

Revenue (IFRS basis) of €33,925,000 during the first nine months of the year was significantly ahead of the revenue achieved in the prior-year period (€18,842,000), corresponding to a growth rate of 80%. In Q3, revenue amounted to €15,804,000, up by 97% compared with the revenue generated in the previous-year period (Q3/previous year: €8,012,000). Total operating revenue, which consists of sales revenue, the increase in inventories of finished goods and work in progress, and other work performed by the enterprise and capitalised, grew to €44,107,000 during the first nine months the year, thereby almost doubling year-on-year

‘The third quarter proved very gratifying, and reflected the continuation of the strong course of our year to date, said Uwe Bo¨gershausen, CFO of SLM Solutions. ‘We have relocated the production of our flagship model, the SLM 500HL, to a new workshop hall, and optimised the machine in technical terms.’

‘We are drawing ever closer to our revenue target of at least €55 million for 2015,’ said Dr Markus Rechlin, CEO of SLM Solutions.’We consequently expect to reach the upper end of our guidance range of EUR 55 to 60 million, or even exceed it, by the year-end.’

This story is reprinted from material from SLM, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.