DGAP-News

Alphaform AG: Alphaform presents final figures for the 2014 financial year

DGAP-News: Alphaform AG / Key word(s): Final Results
Alphaform AG: Alphaform presents final figures for the 2014 financial
year

30.03.2015 / 11:33

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Press Release

Alphaform presents final figures for the 2014 financial year

- Revenue rises to EUR29.1 million in 2014

- EBITDA improves to EUR-1.3 million

- For 2015, Alphaform anticipates another double-digit increase in
revenue and a significant improvement in earnings

Feldkirchen, 30 March 2015. Alphaform AG, Europe's leading industrial 3D
printing service provider, published its 2014 annual report today. It does
not contain any significant changes in comparison to the preliminary
figures published on 26 February 2015.

According to the annual report, revenue in the last financial year rose by
12.4% to EUR29.1 million. EBITDA improved by EUR2.2 million to EUR-1.3
million and the consolidated net loss improved by EUR3.0 million to EUR-3.2
million.

The year 2014 was influenced by extensive restructuring as part of the
Alphaform Excellence programme. This programme, launched in the first
quarter of 2014, is based on five pillars: in addition to improving
processes and structures in the three business segments, it also includes
strengthening sales and the corporate culture. For four of the five
pillars, the programme took effect as planned during 2014 and made a key
contribution to the significant improvement in the earnings situation in
two of the three business segments. For the third business segment,
Additive Manufacturing Plastic at the Feldkirchen location, the Management
Board additionally established an 11-point plan in autumn 2014 in light of
continuing challenges. This plan will now be implemented in 2015 as
systematically as the Excellence programme itself.

Alphaform anticipates further improvement in revenue and earnings in 2015

For 2015 as a whole, Alphaform plans a double-digit increase in revenue and
another significant improvement in earnings. After investments totalling
EUR3.0 million in 2014, the company will make substantial investments in
machinery and in ongoing strengthening of sales in 2015 as well. Financing
is ensured by the fact that cash and cash equivalents doubled year-on-year
to EUR2.4 million as at 31 December 2014, as well as by the most recent
capital increase on 16 March 2015 involving new investors with a long-term