Discusses proactive CEO change
Sees massive potential and interest in 3D printing
Only hours after after initiating coverage of Freemelt, we hosted a presentation with Freemelt’s CEO Ulric Ljungblad at ABGSC’s Investor Days. Mr Ljungblad provided a clear and concise introduction to the company while highlighting the huge market potential of 3D printing and Freemelt’s competitive advantages. He also emphasised the interest shown in 3D printing by industrial companies, citing the recent acquisition of SLM by Nikon at a 75% premium.
Strategic CEO change
Mr Ljungblad answered questions about Freemelt’s upcoming CEO change. Next month Daniel Gidlund from Sandvik Mining & Rock Solutions is taking over as CEO of Freemelt. Mr Ljungblad will continue his work at Freemelt as chief innovation officer. He explained that the decision was made based on the fact that Freemelt is moving into a new phase where the company will benefit from the industrial expertise provided by someone like Daniel Gidlund to further commercialise the company’s technology. Other questions answered pertained to future revenue streams and the competitive position of E-PBF printing as compared to other technologies.
We maintain a positive outlook
We reiterate the positive outlook described in detail in our initiation report (fair value range 9-21). The full presentation from ABGSC’s Investor Days can be viewed at our commissioned research webpage.
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