SLM Solutions to host fourth annual general meeting

Additive manufacturing technology supplier SLM Solutions will hold its fourth annual general meeting in Lübeck, Germany, on June 22, 2018.

Additive manufacturing technology supplier SLM Solutions (Lübeck, Germany) will hold its fourth annual general meeting in Lübeck on June 22, 2018. At the meeting, the Executive Board of the company will explain the results of fiscal year 2017 to the shareholders, as well as provide a strategic outlook into the future.

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The company's incoming orders could be increased by 85.4% in fiscal year 2017 compared to the previous year in the number of machines. In 2017, a total of 241 machines were ordered from the company, which corresponds to a value of approx. 170 million euros and an increase in value by more than 111% compared to fiscal year 2016.

"In particular, the general contracts concluded for the long term give us planning security for the coming years," says Axel Schulz, chief sales officer. "We will continue our course and conclude additional long-term general contracts, thanks to close collaboration with customers."

In 2016, the company made a long-term strategic decision to expand production capacity in Germany. Construction began at the end of 2016 for the new headquarters, and the move into the building took place at the beginning of May 2018. And, in October 2017, the company placed a convertible loan amounting to 58.5 million euros in the capital market—the acquired funds are being invested in further growth of the company.

"We are well positioned for future market development," states Uwe Bögershausen, chief financial officer and spokesperson of the company's Executive Board. "At the same time, as a young company with strong growth, we want to have the necessary flexibility to respond to opportunities in the capital market in the future, too, and have therefore asked the shareholders to approve the issuing of new authorized capital, among other things, along with the invitation to the annual general meeting."

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