Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Arcam Rises as Sales of Systems Approach Target: Stockholm Mover

Don't Miss Out —
Follow us on:

Aug. 2 (Bloomberg) -- Arcam AB, a Swedish maker of manufacturing technology, rose to its highest level in more than four years after a new order lifted the company’s systems sales to last year’s level and closer to its 2012 target.

The shares rose as much as 7.2 percent to 74.75 kronor, the highest intraday price since May 9, 2008, after the company won an order for its system from Lima Corporate SpA in Italy. The stock was up 5.4 percent to 73.5 kronor as of 2:30 p.m. in Stockholm. Prosthesis-maker Lima already has seven machines from Arcam installed.

The order for a so-called A1 system brings total sales this year to the equivalent of 14 machines, which was what Arcam sold last year, the company’s Chief Executive Officer Magnus Rene said today by phone. The order book includes components sales at a value of two systems. “We are in a situation where we know, in principle, that sales are on the same level as last year,” Rene said. “That is, of course, a good place to be.”

The maker of electron-beam melting technology, which builds parts layer-by-layer by melting metal power, said on July 20 it targets increased sales as well as improved profitability this year compared with 2011.

Molndal, Sweden-based Arcam was the second-biggest gainer in the OMX Stockholm All-Share index, which was little changed.

To contact the reporter on this story: Janina Pfalzer in Stockholm at jpfalzer@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.