Industry Summary Articles

Materialise NV, a provider of additive manufacturing and medical software and of sophisticated 3D printing services, announced its financial results for the full year and fourth quarter ended December 31, 2018.
Highlights – Full Year and Fourth Quarter 2018

Full Year 2018:

·         Total revenue increased 29.6% to 184,721 kEUR for 2018 from 142,573 kEUR in 2017.

·         Adjusted EBITDA increased 61% to 23,526 kEUR for 2018 from 14,610 kEUR for 2017.

·         Net profit for 2018 was 3,027 kEUR, or 0.06 EUR per diluted share, compared to a loss of (2,117) kEUR last year.

Fourth Quarter 2018:

·         Total revenue increased 9.6% to 49,014 kEUR for the fourth quarter of 2018.

·         Adjusted EBITDA increased 4.24% to 6,052 kEUR for the fourth quarter of 2018.

·         Net profit for the fourth quarter of 2018 was 525 kEUR, or 0.01 EUR per diluted share, compared to 1,067 kEUR, over the same period last year.

Executive Chairman Peter Leys commented, “2018 has been a good year for Materialise. Our annual revenues grew by 30% to 184,721 kEUR, our Adjusted EBITDA grew by 61% to 23,526 kEUR, and our deferred revenue from license and maintenance fees increased 3,883 kEUR to 22,606 kEUR, all at the higher end of the range we forecasted at the beginning of the year. In addition, cash flow from operating activities in 2018 was 28,321 kEUR compared to 9,951 kEUR in 2017, and, as a result of the capital we raised in 2018, our cash and cash equivalents at the end of 2018 totaled 115,506 kEUR compared to 43,175 kEUR at the end of last year. This financial strength positions us well to capture new growth opportunities going forward, even if the macro-economicconditions become less favorable.”

To view the original press release, please click here.

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