A new Arcam takes shape
·
Net sales increased by 52% to 201.8 (132.5)
MSEK
·
Operating income amounted to SEK 6.5 (7.6) MSEK
(including
non-recurring costs of approximately 9 (3) MSEK)
·
Net income increased to
42.1 (7.8) MSEK
(including tax effects of approximately 23 MSEK)
·
Earnings per share increased to 2.29 (0.49) SEK
·
Order intake increased
to 21 (17) systems
·
20 (15) EBM systems were delivered during the
period
·
Acquisition of the metal powder manufacturer AP&C in Canada
·
Acquisition of the contract manufacturer DiSanto Technology Inc.
For the
third quarter:
·
Sales increased by 125% to 90.8 (40.4) MSEK
·
Operating income amounted to 10.3 (0.6) MSEK
(including non-recurring costs
of approximately 3 (0) MSEK)
·
Net income increased to 38.2 (0.2)
MSEK
(including tax effects of approximately 23 MSEK)
·
Order intake
amounted to 5 (4) systems
·
9 (5) EBM systems were delivered in the third
quarter
·
Acquisition of the contract manufacturer DiSanto Technology
Inc.
Significant events after the end of September:
·
Order for 3 EBM
systems
During the past twelve months Arcam has changed significantly. While
sales of
our EBM systems continue to increase, we have expanded our business
with the
metal powder manufacturer AP&C in Canada and the contract manufacturer
DiSanto
in the US. We now have an offering to our clients with our EBM systems
as a hub
and metal powders and contract manufacturing being important
supplementary
products, broadening our offering to the market and providing
recurring sales.
Trailing twelve months sales amounts to 268.7 MSEK and
operating profit amounts
to 13.4 MSEK. The operating profit includes
non-recurring costs associated with
the acquisition of AP&C and DiSanto of
about 10.4 MSEK.
Acquisition of AP&C
In February we acquired the powder
producer AP&C from Raymor Industries in
Canada. AP&C is a leading manufacturer
of high quality metal powder and supplier
of titanium powder to Arcam since
2006. Titanium powder is an important part of
our offering and with this
acquisition we have secured access to the best
technology for the production of
high quality metal powder for our customers.
The acquisition is fully in line
with our growth strategy and complements our
EBM technology and product
portfolio. The acquisition was completed on February
11, and is consolidated
from this date.
Acquisition of DiSanto Technology
In September Arcam acquired
DiSanto, a strategic partner since February 2013.
The acquisition combines
Arcam’s cutting-edge Additive Manufacturing technology
with DiSanto’s
full-service contract manufacturing services for orthopedic
implants. Through
DiSanto we offer manufacturing of advanced EBM-based implants
and other
components.
The combination of Arcam’s EBM technology and DiSanto´s know-how
in orthopedic
implant manufacturing will accelerate the market adoption of
Additive
Manufacturing in the implant industry.
DiSanto is a fully equipped
and certified production facility for the production
of finished orthopedic
implants with approximately 100 employees. The
acquisition was finalized on
September 2, 2014 and DiSanto is consolidated from
this date.
Through these
acquisitions we now have a broad offering for our customers; metal
powders
through AP&C, acquired earlier this year, EBM systems and services
through
Arcam AB and contract manufacturing through DiSanto. The acquisition is
thus in
line with our growth strategy, and complements our technology and
product
portfolio.
Business status
We received 21 new orders in the period and we see
a continued strong demand,
particularly from the aerospace industry. Order
intake for our new large system,
Arcam Q20, is strong.
The work to
industrialize our technology with the major players within the
aerospace and
implant industries continue and we can now see good opportunities
for volume
orders during the year. Of the 20 systems that were delivered during
the period
the majority went to customers within the medical implant or the
aerospace
industry.
In the beginning of July we acquired our agent in the UK. We already
have a
support operation in the UK and with this new step we take
responsibility for
direct sales and support on the important UK market.
Growth
– organic and through acquisitions
In addition to the acquisition of AP&C and
DiSanto we are in rapid organic
growth. We thus continue to recruit qualified
employees in order to meet the
expectations from our customers. During the
period we have strengthened our
service office in China and the support
organization in Sweden. Through the
acquisition of AP&C and DiSanto and through
recruitment the number of employees
has increased from 64 to 233 since
September 2013. We will maintain an ambitious
recruitment pace in order to
further develop our technology and offering and
thus exploiting the present
business situation.
A strong order book and a positive business situation lay
a solid foundation for
a strong closing of 2014 and continued growth in
2015.
Mölndal, October 17, 2014
Magnus René, President & CEO
The information
has been made public in accordance with the Securities Market
Act and/or the
Financial Instruments Trading Act. The information was published
on October 17,
2014 at 08.30 (CET).
For further information please contact:
Magnus René, CEO
Arcam AB
Tel: 0046 31 710 32 00, alt. cell: 0046 702 79 89 99, or
e-mail:
magnus.rene@arcam.com
Arcam provides a cost-efficient Additive
Manufacturing solution for production
of metal components. The technology
offers freedom in design combined with
excellent material properties and high
productivity. Arcam’s market is global
with customers mainly in the orthopedic
and aerospace industries. The company
was founded in 1997 and is listed on
NASDAQ OMX Stockholm, Sweden. Head office
and production facilities are located
in Mölndal, Sweden. Support offices are
located in the US, UK, Italy and
China.
________________________________________________________________________
_________
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Arcam
AB • Krokslätts Fabriker 27A • SE-431 37 Mölndal, Sweden • 46-31-710 32 00
•
www.arcam.com
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