Colibrium Additive Lichtenfels Sees 50% Revenue Surge but Faces Heavy Losses and Layoffs
In 2023, Colibrium Additive Lichtenfels achieved a remarkable 50.6% increase in revenue, reaching €80.6 million, nearing its pre-COVID performance. Despite this growth, the company reported a significant loss of €52.9 million, more than double its previous year's losses, prompting a major workforce reduction of 40-48%. This affects between 160 and 192 employees, amidst ongoing restructuring efforts aimed at enhancing operational efficiency. Many speculate that high operational costs, fierce competition, and substantial R&D investments are likely contributors to the company's financial woes. While GE Aerospace, the parent company, continues its focus on additive manufacturing technology adoption, the market remains watchful of Colibrium’s future strategies.
Jan 17