DGAP-News

Alphaform: Restructuring dominates 9-month report

DGAP-News: Alphaform AG / Key word(s): 9-month figures
Alphaform: Restructuring dominates 9-month report

10.11.2014 / 07:00

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Press Release

Alphaform: Restructuring dominates 9-month report

- Revenue increased by 11.3% to EUR 21.8 million in the first nine months
of 2014

- Incoming orders improved by 88% to EUR 4.9 million as at 30 September
2014

- In October, Alphaform won the largest order in the company's history of
EUR 10 million

- Consolidated net income fell by EUR 0.6 million to EUR -1.8 million
because of ongoing restructuring

Feldkirchen, 10 November 2014 - Alphaform AG, a service provider for
industrial 3D-printing presented its 9-month report today. The figures were
consistent with the provisional results announced on 16 October 2014.
Accordingly, revenue increased by 11.3% as against the same period in the
previous year to EUR 21.8 million in the first nine months of the current
financial year; revenue grew by 4.9% as against the previous quarter to EUR
7.3 million. Growth is mainly based on successes in the Additive
Manufacturing Metals and Rapid Tooling business segment and the Precision
Casting business segment. The Alphaform Excellence programme initiated at
the beginning of 2014 is having the planned effect in the two business
segments at the Eschenlohe and Stade locations. Thanks to substantially
improved processes and more intensive sales, cumulative revenue and results
were up on the previous year's figure.

By contrast, in the third business segment Additive Manufacturing Plastics
at the Feldkirchen location, during the third quarter it became apparent
that additional efforts are needed to rectify the process-related and
structural defects. There were delays in processing orders, since, for
example, second-hand machinery purchased needed far more warm-up time to be
able to produce in the quality and at the speed required. This led to
revenue being deferred as well as additional costs for material and
personnel and depressed results in the third quarter. Consequently, at EUR
-0.4 million, EBITDA in the third quarter remained below the previous
year's figure of EUR 0.2 million like consolidated net income, which
reached EUR -0.8 Million after EUR -0.2 million in the previous year. After
nine months, EBITDA totalled EUR -0.6 million in the current financial year
compared with EUR -0.1 million in the same period in the previous year.
Consolidated net income came to EUR -1.8 million after EUR -1.2 million in
the same quarter in the previous year.