DGAP-Ad-hoc: SLM Solutions Group AG / Key word(s): Forecast/Change in Forecast
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014
SLM Solutions: Adjustment of guidance for fiscal year 2019
Luebeck, July 26, 2019 - Following discussions with the management responsible for the Company's international regions, the Executive Board of SLM Solutions Group AG ("SLM Solutions" or the "Company"), a leading supplier of metal-based additive manufacturing technology, today came to the conclusion that the sales and earnings guidance originally issued by the previous management team for the 2019 financial year cannot be achieved. The weak business performance is driven by lower than expected orders in the first half of the year.
For the current fiscal year 2019, revenues of EUR 95 million had so far been expected for the Group with the adjusted EBITDA margin to be approximately break-even.
From today's perspective, Group revenue and the adjusted EBITDA margin in 2019 will be significantly lower than originally forecasted. A more detailed forecast is not possible for the time being.
SLM Solutions will publish its full report for the first six months of the 2019 financial year on August 8, 2019.
< End of the ad-hoc announcement >
26-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||SLM Solutions Group AG|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||847657|
|End of Announcement||DGAP News Service|
847657 26-Jul-2019 CET/CEST