DGAP-News

Alphaform AG: Preliminary figures 2014 - Alphaform targets double-digit revenue growth in 2015

DGAP-News: Alphaform AG / Key word(s): Preliminary Results
Alphaform AG: Preliminary figures 2014 - Alphaform targets
double-digit revenue growth in 2015

26.02.2015 / 17:19

---------------------------------------------------------------------

Press release

Preliminary figures 2014 - Alphaform targets double-digit revenue growth in
2015

- Preliminary figures 2014: revenue increases to Euro 29 million,
consolidated net result improves to Euro -3.2 million

- Alphaform Excellence programme now in effect at all locations

Feldkirchen, 26. February 2015. According to preliminary calculations,
Alphaform AG, Europe's leading 3D printing service provider, increased its
revenue by 11.6 percent to Euro 29 million in 2014. The growth was
primarily based on positive performance in the two business segments
Additive Manufacturing Metal and Rapid Tooling and Precision Casting at the
Eschenlohe and Stade sites. As planned, the Alphaform Excellence programme
launched in early 2014 took full effect here. Alphaform is ensuring its
success in the third business segment, Additive Manufacturing Plastic at
the Feldkirchen site, with an 11-point plan issued in October 2014. The
remaining process and structural defects impeded the attainment of the Euro
30 million mark originally intended for 2014.

As expected, the implementation of the 11-point plan necessitated
additional expenses in the fourth quarter of 2014; the costs for external
consultants alone totalled approximately Euro 1 million in the last
financial year. After winning the biggest order in the company's history
amounting to Euro 10 million at the end of 2014, there were also already
considerable expenses for production preparations. According to preliminary
calculations, EBITDA subsequently reached Euro -1.4 million in 2014, but
this was significantly higher than the previous year's figure of Euro -3.5
million. The consolidated net result also improved to Euro -3.2 million
according to preliminary calculations after Euro -6.2 million in the
previous year. The difficult economic situation in the Formula 1 industry,
which had been an important customer in prototyping, particularly in the
early years, prevented a further reduction of the loss. In the fourth
quarter of 2014, Alphaform wrote off receivables against two racing teams
of Euro 0.2 million.

Conclusion of the Alphaform Excellence programme in 2015