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FrankfortThe 3D printing company SLM Solutions has scared its investors by reducing sales and profit forecasts. In addition, the company announced that the financial director and spokesman Uwe Bögershausen would not renew his current contract until June 2019. The shares of the TecDax group, which has just retired, collapsed on Friday up to 16 , 2%, to fall to 12.62 euros.
This was the biggest price drop in two years. "The fact that Bögershausen goes is a bad sign," said a dealer. "The profit warning, on the other hand, is not such a big surprise, it was rather an open secret."
SLM Solutions now expects the consolidated business figure to reach between 90 and 100 million euros in 2018. This would correspond to a growth of nine to 21%. The operating profit margin (Ebitda) would be in the one-digit range. Until now, the Group has forecast sales between 115 and 125 million euros and an EBITDA margin of 11 to 13%.
To justify lowering annual targets, SLM Solutions said that there were delays in orders until next year.
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