{"id":68391,"date":"2019-07-29T13:09:13","date_gmt":"2019-07-29T05:09:13","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/materialise-e45-million-q2-revenue-driven-by-strong-medical-performance.3dm"},"modified":"2019-07-29T13:09:13","modified_gmt":"2019-07-29T05:09:13","slug":"materialise-e45-million-q2-revenue-driven-by-strong-medical-performance","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/materialise-e45-million-q2-revenue-driven-by-strong-medical-performance\/","title":{"rendered":"Materialise \u20ac45 million Q2 revenue driven by strong medical performance"},"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<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">31<\/span><span>shares<\/span><\/div>\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 class=\"dpsp-network-count\">31<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>Belgian software and 3D printing service provider Materialise NV (NASDAQ:MTLS) has reported its financial results for the second quarter of 2018.<\/p>\n<p>Headline revenue is reported at \u20ac45.07 million, a 34.1% increase on the same period in 2017 which was \u20ac33.6 million. The company credits strong performance in its medical segment for part of the rise.<\/p>\n<p>According to executive Chairman Peter Leys, &#8220;The past several months have been an especially exciting period&#8221; for the company.<\/p>\n<p>&#8220;We delivered another set of good results for the second quarter, with particularly strong performances from our Materialise Medical segment and the ACTech business we added to our Materialise Manufacturing segment last October,&#8221; adds Leys:<\/p>\n<blockquote>\n<p>&#8220;This performance again demonstrates the benefits of our company\u2019s diversified business model.&#8221;<\/p>\n<\/blockquote>\n<p><strong>Materialise revenue by division <\/strong><\/p>\n<p>Materialise revenue is segmented in three divisions Software, Medical, and Manufacturing. Revenue for the Software division, e.g. sales of Magics platform and related services, was reported at \u20ac9.1 million, up from the comparative of  \u20ac8.3 million. Medical saw a revenue increase of 14% to \u20ac12.4 million, on Q2 2017 revenue of \u20ac10.6 million. In the Manufacturing division, revenue was \u20ac23.4 million in Q2 2018, an increase of \u20ac8.9 million on the same period in 2017.<\/p>\n<table class=\"aligncenter\" dir=\"ltr\" style=\"height: 303px;\" border=\"1\" width=\"556\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"156\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Revenue by division (in \u20ac millions)&quot;}\">\n<div>\n<div><strong>Revenue by division (in \u20ac millions)<\/strong><\/div>\n<\/div>\n<\/td>\n<td><strong> <\/strong><\/td>\n<td><strong> <\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Variance&quot;}\"><strong>Variance<\/strong><\/td>\n<td><strong> <\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong> <\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q2 2017&quot;}\"><strong>Q2 2017<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q2 2018&quot;}\"><strong>Q2 2018<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u20ac millions&quot;}\"><strong>\u20ac millions<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;%&quot;}\"><strong>%<\/strong><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Materialise Software&quot;}\"><em>Materialise Software<\/em><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:8305}\">8,305<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:9131}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\">9,131<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:826}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=R[0]C[-1]-R[0]C[-2]\">8,26<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.09046106669587121}\" data-sheets-numberformat=\"[null,3,&quot;0%&quot;,1]\" data-sheets-formula=\"=R[0]C[-1]\/R[0]C[-2]\">9%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Materialise Medical&quot;}\"><em>Materialise Medical<\/em><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:10646}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\">10,646<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:12400}\">12,400<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1754}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=R[0]C[-1]-R[0]C[-2]\">1,754<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.1414516129032258}\" data-sheets-numberformat=\"[null,3,&quot;0%&quot;,1]\" data-sheets-formula=\"=R[0]C[-1]\/R[0]C[-2]\">14%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Materialise Manufacturing&quot;}\"><em>Materialise Manufacturing<\/em><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:14455}\">14,455<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:23387}\">23,387<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:8932}\" data-sheets-formula=\"=R[0]C[-1]-R[0]C[-2]\">8,932<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.3819215803651601}\" data-sheets-numberformat=\"[null,3,&quot;0%&quot;,1]\" data-sheets-formula=\"=R[0]C[-1]\/R[0]C[-2]\">38%<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td data-sheets-numberformat=\"[null,3,&quot;0%&quot;,1]\"><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total&quot;}\"><strong>Total<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:33406}\" data-sheets-formula=\"=sum(R[-5]C[0]:R[-3]C[0])\"><strong>33,406<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:44918}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=sum(R[-5]C[0]:R[-3]C[0])\"><strong>44,918<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:11512}\" data-sheets-numberformat=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}\" data-sheets-formula=\"=R[0]C[-1]-R[0]C[-2]\"><strong>11,512<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.2562892381673271}\" data-sheets-numberformat=\"[null,3,&quot;0%&quot;,1]\" data-sheets-formula=\"=R[0]C[-1]\/R[0]C[-2]\"><strong>26<\/strong>%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left;\">The company also reported \u20ac158 thousand of unallocated revenue in Q2 2018, less than the previous period&#8217;s unnallocated revenue of \u20ac206 thousand.<\/p>\n<p style=\"text-align: left;\">Gross profit for the three months ended June 30 2018 was \u20ac24.8 million, 55% of total revenue, with a net profit of \u20ac369 thousand. Comparatively, for period ended June 30 2017, gross profit was \u20ac19.4 million, 57.7% of total revenue, with a net loss of \u20ac955 thousand.<\/p>\n<p style=\"text-align: left;\">Research and development costs increased over the period totaling \u20ac5.8 million in Q2 2018, up from \u20ac5.1 million in Q2 2017.<\/p>\n<p style=\"text-align: left;\"><strong>Recent activity at Materialise<\/strong><\/p>\n<p style=\"text-align: left;\">In the second quarter of 2018, Materialise became the first company to be granted FDA clearance for software designed to create 3D printed anatomical models. With global IT service firm HCL Technologies, the company expanded its manufacturing capabilities with a hybrid additive manufacturing\/CNC machining service.<\/p>\n<p style=\"text-align: left;\">As mentioned by Leys, the quarter also demonstrated revenue contributed by metal part casting specialist ACTech after Materialise acquired the company in October 2017. And software revenue was supported by increased third party integration.<\/p>\n<p style=\"text-align: left;\">Most recently, the company received a $25 million investment from global chemical giant BASF. The long term goal of the two companies is to create a wider choice of materials to increase the adoption of 3D printing technologies.<\/p>\n<figure id=\"attachment_131094\" style=\"width: 1024px\" class=\"wp-caption alignleft\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-131094\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/CT-images-viewed-in-Materialises-Mimics-software.-Image-via-Materialise.-1024x757.jpg\" alt=\"CT images viewed in Materialise's Mimics software. Image via Materialise.\" width=\"1024\" height=\"757\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/CT-images-viewed-in-Materialises-Mimics-software.-Image-via-Materialise..jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/CT-images-viewed-in-Materialises-Mimics-software.-Image-via-Materialise.-770x569.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/CT-images-viewed-in-Materialises-Mimics-software.-Image-via-Materialise.-200x148.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/CT-images-viewed-in-Materialises-Mimics-software.-Image-via-Materialise.-500x370.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">CT images viewed in Materialise&#8217;s Mimics software. Image via Materialise.<\/figcaption><\/figure>\n<p><em>For more of the latest 3D printing financials subscribe to the <\/em><em><a href=\"\/service\/3d-printing\"> Industry newsletter<\/a>, like us on <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/3dprintindustry\">Twitter<\/a>. <\/em><em>For new, professional opportunities in the industry, search <a href=\"\/service\/3d-printing\"> Jobs<\/a>.<\/em><\/p>\n<p style=\"text-align: left;\"><em>Featured image shows Materialise 3D printer facility in Leuven, Belgium. Photo via Materialise<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>31shares 31 0 0 Belgian software and 3D printing service provider Materialise NV (NASDAQ:MTLS) has reported its financial results for the second quarter of 2018. Headline revenue is reported at \u20ac45.07 million, a 34.1% increase on the same period in 2017 which was \u20ac33.6 million. The company credits strong performance in its medical segment for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182504,"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\/03\/CT-images-viewed-in-Materialises-Mimics-software.-Image-via-Materialise.-1024x757.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"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>Materialise \u20ac45 million Q2 revenue driven by strong medical performance - 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