Arcam AB fka AMAVF

[flying_trader]

Very weak qtr, Mr Market not happy...

While Revs managed to grow 17% this Q that is not going to cut it if they want to show a 40-50% growth rate for the year... Q3& Q4 will have to grow now at around 75% in order to have an annual growth rate of 50%... that doesn't look like it's in the cards .... 2016 will probably be a 20% YOY growth for Arcam which would be very nice if their base was much, much larger but on a base of just USD$ 66 mil it is very weak...

Machine sales have still not ignited coming in at a 9... since 2013 first half sales of machines are hardly growing at all... in 2013 first half sales were 13, they were 16 in 2014, 17 in 2015 and now in 2016 they fall back to 15... it now seems likely machine sales in 2016 may be flat or up just a little from 2015 and then only if Honeywell or RR come in with a big order...

DiSanto seems to be struggling as well as it's traditionally mfg businesses suffer... they need to find new verticals fast...

Only really bright spot is Powders they continue to do well...

Overall pretty disappointing... perhaps a buying opportunity if you think things will turn around in short order but I don't see it in the numbers..