SLM Solutions Group AG
- WKN: A11133
- ISIN: DE000A111338
- Land: Deutschland
Nachricht vom 26.07.2019 | 18:36
SLM Solutions Group AG: Adjustment of guidance for fiscal year 2019
DGAP-News: SLM Solutions Group AG / Key word(s): Forecast/Change in Forecast SLM Solutions: Adjustment of guidance for fiscal year 2019 Luebeck, July 26, 2019 - Today SLM Solutions Group AG announced that the company will not meet the revenue and the EBITDA guidance communicated by the previous management team earlier in this year and will not set a new revenue and EBITDA guidance for the year. The weak business performance is driven by lower than expected orders in the first half of the year. In particular, order expectations from the Chinese frame agreement did not materialize as the previous management had anticipated. Despite a strengthening market environment for additive manufacturing machines, North America sales continued to underperform. Under the leadership of the new CEO Meddah Hadjar a thorough assessment of the Company and the required steps needed to improve the Company's growth and profitability profile is underway. Initial conclusions of the assessment on the Company's strategy and operations will be presented on SLM's Q2 earnings call on 8 August 2019, with an in-depth presentation of the Company's long term outlook and its strategy and organizational set up to achieve these to follow in Q4 2019 in a dedicated investor event.
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26.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | SLM Solutions Group AG |
Estlandring 4 | |
23560 Lübeck | |
Germany | |
Internet: | www.slm-solutions.com |
ISIN: | DE000A111338 |
WKN: | A11133 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 847661 |
End of News | DGAP News Service |
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