3d Printer Maker Stratasys Cuts Profit Forecast

Zortrax, the 3D printer manufacturer from Poland, is expanding fast after a landmark U.S. order and is pressing ahead with fundraising plans such as flotation,  that dovetail with government ambitions to create a hi-tech economy.  To help fund the expansion, the firm has launched a bond issue that closes on Thursday and would consider a share offer.

Growing rapidly, Zortrax is on schedule to finish the order from tech giant Dell 4331.HK for 5,000 of its M200 desktop printers by year-end, according to CEO Rafal Tomasiak. That means revenues for the company are soaring.  Zortrax’s share of the 3D printer market has been growing by several hundred percent each year and “we are growing at an analogous pace,” Tomasiak said.  ”

We certainly do consider listing the company,” Tomasiak said, adding he had already turned down takeover offers from two larger competitors. “I appreciate the confidence investors put in us and will remember that – we will reciprocate…if it comes to a public share offering.”

http://www.briefreport.co.uk/news/polish-3d-printer-maker-zortrax-hungry-for-fresh-funds-2329500.html

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