{"id":68285,"date":"2019-07-29T12:55:10","date_gmt":"2019-07-29T04:55:10","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/voxeljet-reports-latest-financial-results.3dm"},"modified":"2019-07-29T12:55:10","modified_gmt":"2019-07-29T04:55:10","slug":"voxeljet-reports-latest-financial-results","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/voxeljet-reports-latest-financial-results\/","title":{"rendered":"Voxeljet reports latest financial results"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p><span style=\"font-weight: 400;\">Voxeljet<\/span><span style=\"font-weight: 400;\">, a German 3D printer manufacturer, has announced financial results for Q3 2018. According to the report, total revenues decreased from <\/span><span style=\"font-weight: 400;\">\u20ac<\/span><span style=\"font-weight: 400;\">7.12m in Q3 2017<\/span> <span style=\"font-weight: 400;\">to <\/span><span style=\"font-weight: 400;\">\u20ac<\/span><span style=\"font-weight: 400;\">7.39m for the current reporting period, a fall of 3.6%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It further shows a general decline in the Systems segment of voxeljet, whereas the Service segment has shown an increase in sales aggregated from voxeljet\u2019s different subsidiaries.  <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On a call with investors, <\/span><span style=\"font-weight: 400;\">Ingo Ederer, Chief Executive Office of voxeljet said, \u201c<\/span><span style=\"font-weight: 400;\">Revenues from our system segment which includes revenues from selling 3D printers, consumables and spare parts as well as maintenance decreased 10% to \u20ac3.7 million in third quarter of 2018 from \u20ac4.2 million in last year&#8217;s third quarter.<\/span><span style=\"font-weight: 400;\">\u201d<\/span><i><\/i><\/p>\n<figure id=\"attachment_144746\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-144746 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/12.jpg\" alt=\"Voxeljet Q3 2018, earning call slide 12, shows a summary of revenues. Image via voxeljet\" width=\"1280\" height=\"720\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/12.jpg 1280w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/12-1024x576.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/12-770x433.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/12-200x113.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/12-500x281.jpg 500w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><figcaption class=\"wp-caption-text\">Voxeljet Q3 2018, earning call slide 12, shows a summary of revenues. Image via voxeljet<\/figcaption><\/figure>\n<p><b>Decline in systems sales of voxeljet<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Voxeljet revenue from the sales of 3D printers dropped by 9.8%. This brought the total sales figure to <\/span><span style=\"font-weight: 400;\">\u20ac<\/span><span style=\"font-weight: 400;\">3.7m compared to the third quarter of 2017 which was <\/span><span style=\"font-weight: 400;\">\u20ac<\/span><span style=\"font-weight: 400;\">4.2m. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Q3 2018, voxeljet sold three systems compared to six in Q3 of 2017, which included three new and three refurbished systems.  <\/span><i><\/i><\/p>\n<figure id=\"attachment_144745\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-144745 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/11.jpg\" alt=\"Voxeljet Q3 2018, earning call slide 11. Image via voxeljet\" width=\"1280\" height=\"720\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/11.jpg 1280w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/11-1024x576.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/11-770x433.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/11-200x113.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/11-500x281.jpg 500w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><figcaption class=\"wp-caption-text\">Voxeljet Q3 2018, earning call slide 11. Image via voxeljet<\/figcaption><\/figure>\n<p><b>Breakdown of numbers<\/b><\/p>\n<p><span style=\"font-weight: 400;\">However, the Service segment of voxeljet, which includes on-demand 3D printed parts showed an increase of 4.4%, from <\/span><span style=\"font-weight: 400;\">\u20ac<\/span><span style=\"font-weight: 400;\">3.2m Q3 2017 to <\/span><span style=\"font-weight: 400;\">\u20ac<\/span><span style=\"font-weight: 400;\">3.4m this year. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A significant portion of these revenues came from voxeljet\u2019s American subsidiary, and minor increases from voxeljet UK, and voxeljet Germany. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But these gains were counterbalanced by losses from the Chinese subsidiary.  <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ederer <\/span><span style=\"font-weight: 400;\">said, <\/span><span style=\"font-weight: 400;\">\u201cwe feel great about the momentum of our global subsidiaries and the U.S. was again performing exceptionally well. In Asia, we sold one of our largest systems to our clients in Indonesia.\u201d <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, voxeljet also reported slightly higher shipping expenses in Q3 2018 compared to the same time frame last year. This was partly due to shipment of a 3D printer to Indonesia which incurred a high shipping cost. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, selling and R&amp;D expenses were higher this year due to the hiring of more personnel in both departments. <\/span><\/p>\n<p><b>What\u2019s in store for 2019 <\/b><\/p>\n<p><span style=\"font-weight: 400;\">Despite the declining sales reported, voxeljet is hopeful about the fourth quarter of the year and 2019.  <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c<\/span><span style=\"font-weight: 400;\">We are very excited about our growing backlog for 3D printers, which is up 14% from the end of the second quarter. Based on our backlog, the fourth quarter has the potential to become the best quarter in the company&#8217;s history base and revenue,<\/span><span style=\"font-weight: 400;\">\u201d said Ederer. <\/span><\/p>\n<figure id=\"attachment_144776\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-144776 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/14.jpg\" alt=\"Roadmap for sustainable and profitable growth. Image via voxeljet\" width=\"1280\" height=\"720\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/14.jpg 1280w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/14-1024x576.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/14-770x433.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/14-200x113.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/14-500x281.jpg 500w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><figcaption class=\"wp-caption-text\">Roadmap for sustainable and profitable growth. Image via voxeljet<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Furthermore, voxeljet has launched the <\/span><span style=\"font-weight: 400;\">VJET X-IOB<\/span><span style=\"font-weight: 400;\">, an automation solution due to be delivered to an automotive client in Germany. <\/span><span style=\"font-weight: 400;\">Ederer commented, <\/span><span style=\"font-weight: 400;\">\u201cWe are collecting orders for this new type of printer for delivery mid-2019. This is very exciting and we are looking forward to the feedback from our customers.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ederer <\/span><span style=\"font-weight: 400;\">also mentioned that part of voxeljet\u2019s growth strategy for 2019 is entering new markets \u201csuch as sporting goods like shoes, household goods, and automotive interiors.<\/span><i><span style=\"font-weight: 400;\">\u201d<\/span><\/i><i><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">For more financial news on 3D printing subscribe to our 3D printing newsletter. Also follow us on Facebook and Twitter. <\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">If you are looking for a job in the industry, visit our <a href=\"\/service\/3d-printing\"> Jobs<\/a>.<\/span><\/i><\/p>\n<p><em>Featured image shows a line of <\/em>voxeljet<em> VX1000 3D printers. Image via <\/em>voxeljet<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Voxeljet, a German 3D printer manufacturer, has announced financial results for Q3 2018. According to the report, total revenues decreased from \u20ac7.12m in Q3 2017 to \u20ac7.39m for the current reporting period, a fall of 3.6%. It further shows a general decline in the Systems segment of voxeljet, whereas the Service segment has shown an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182451,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/12.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170],"class_list":["post-68285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Voxeljet reports latest financial results - FacFox News<\/title>\n<meta name=\"description\" content=\"Voxeljet, a German 3D printer manufacturer, has announced financial results for Q3 2018. 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