{"id":68761,"date":"2019-07-29T13:32:26","date_gmt":"2019-07-29T05:32:26","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/materialise-continue-2016s-momentum-with-increased-revenue-for-first-quarter-of-2017.3dm"},"modified":"2019-07-29T13:32:26","modified_gmt":"2019-07-29T05:32:26","slug":"materialise-continue-2016s-momentum-with-increased-revenue-for-first-quarter-of-2017","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/materialise-continue-2016s-momentum-with-increased-revenue-for-first-quarter-of-2017\/","title":{"rendered":"Materialise continue 2016\u2019s momentum with increased revenue for first quarter of 2017"},"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\">115<\/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\">87<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">24<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">4<\/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>3D printing service provider and software developer Materialise <span class=\"_RWc\">(NASDAQ:MTLS) <\/span>has released its financial results for Q1 2017. For the same period in 2016, ending 31st March, total revenue has increased by 19.7% to over 31.9 million EUR (The equivalent of over 34 USD approx.). The report builds on the success reported by Materialise for the end of 2016, for which total revenue reached $121 million.<\/p>\n<p><strong>An &#8220;excellent start&#8221; for 2017<\/strong><\/p>\n<p>The total revenue for Q1 sees double-digit increases across all 3 segments of Materialise&#8217;s businesses.<\/p>\n<p>Materialise Software revenues are reported at 8,575 kEUR, up 15.4% on the previous year&#8217;s figures which were 7,431 kEUR. The Medical segment, which provides surgical planning and specialist design software to its customers, is also up on last year at 9,932 kEUR compared to 8,606 kEUR. And Materialise Manufacturing, the 3D printing and engineering service portion of the business, shows the greatest increase of 26.4%, to 13,407 kEUR from 10,606 kEUR in Q1 2016.<\/p>\n<p>Executive Chairman Peter Leys comments,<\/p>\n<blockquote>\n<p>The year is off to an excellent start for Materialise. Amid signs that the overall demand environment for additive manufacturing (\u201cAM\u201d) is strengthening, we delivered double-digit growth in all our business segments and more than doubled Adjusted EBITDA. We are particularly encouraged by the wide range of industries that are tapping into the Materialise backbone in a variety of ways to realize meaningful applications of AM.<\/p>\n<\/blockquote>\n<figure id=\"attachment_106586\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-106586 size-large\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Materialise-Magics-3D-Print-suite-software.-Photo-by-Michael-Petch.-1024x768.jpg\" alt=\"A 3D print created using Materialise Magics 3D Print suite software. Photo by Michael Petch.\" width=\"1024\" height=\"768\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Materialise-Magics-3D-Print-suite-software.-Photo-by-Michael-Petch.-1024x768.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Materialise-Magics-3D-Print-suite-software.-Photo-by-Michael-Petch.-770x578.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Materialise-Magics-3D-Print-suite-software.-Photo-by-Michael-Petch.-200x150.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Materialise-Magics-3D-Print-suite-software.-Photo-by-Michael-Petch.-500x375.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Materialise-Magics-3D-Print-suite-software.-Photo-by-Michael-Petch..jpg 1120w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">A 3D print created using Materialise Magics 3D Print suite software. Photo by Michael Petch.<\/figcaption><\/figure>\n<p><strong>THINK. BEYOND. TOGETHER.<\/strong><\/p>\n<p>Earlier in April 2017  Industry <a href=\"https:\/\/3dprintingindustry.com\/news\/preview-2017-materialise-world-summit-111216\/\">reported live from the Materialise World Summit<\/a> that was this year themed on the motto: THINK. BEYOND. TOGETHER. Ahead of the World Summit we also heard directly from Fried Vancraen, Materialise founder and CEO, about <a href=\"https:\/\/3dprintingindustry.com\/news\/preview-2017-materialise-world-summit-111216\/\">his vision for the future of 3D printing.<\/a><\/p>\n<p>In the interview, Vancrean touches on some of the partnerships mentioned by Peter Leys in his statement on Q1 2017. Leys continues,<\/p>\n<blockquote>\n<p>During the quarter, we pushed ahead with our partnerships to prepare for the launch of Yuniku, the world\u2019s first vision-centric 3D-tailored eyewear, and to integrate functionalities of Materialise Magics into product lifecycle management tools, streamlining the design-to-manufacturing process for the growing universe of products being produced using AM.<\/p>\n<\/blockquote>\n<figure id=\"attachment_110904\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-110904 size-large\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/Yuniku_\u00a9HOYA-Vision-Care-1024x582.jpg\" alt=\"Yuniku Eyewear. Photo \u00a9HOYA Vision Care.\" width=\"1024\" height=\"582\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/Yuniku_\u00a9HOYA-Vision-Care-1024x582.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/Yuniku_\u00a9HOYA-Vision-Care-770x437.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/Yuniku_\u00a9HOYA-Vision-Care-200x114.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/Yuniku_\u00a9HOYA-Vision-Care-500x284.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/04\/Yuniku_\u00a9HOYA-Vision-Care.jpg 1134w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Yuniku Eyewear. Photo \u00a9HOYA Vision Care.<\/figcaption><\/figure>\n<p>For 2017, Materialise have also partnered with Wohlers Associates, Inc. to provide a specialist course in Design for Additive Manufacturing (DfAM).<\/p>\n<p>The unaudited Consolidated income statement and Consolidated statements of comprehensive income can be viewed below. The full report can be accessed via Materialise Investor Relations here.<\/p>\n<figure id=\"attachment_112749\" style=\"width: 950px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-112749 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.59.png\" alt=\"Materialise consolidated income statement (Unaudited) Q1 2017. Source: Materialise NV\" width=\"950\" height=\"814\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.59.png 950w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.59-770x660.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.59-200x171.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.59-500x428.png 500w\" sizes=\"(max-width: 950px) 100vw, 950px\" \/><figcaption class=\"wp-caption-text\">Materialise consolidated income statement (Unaudited) Q1 2017. Source: Materialise NV<\/figcaption><\/figure>\n<figure id=\"attachment_112750\" style=\"width: 974px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-112750 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.42.png\" alt=\"Consolidated statements of comprehensive income (unaudited) Source: Materialise NV\" width=\"974\" height=\"366\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.42.png 974w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.42-770x289.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.42-200x75.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/05\/Screen-Shot-2017-05-09-at-12.48.42-500x188.png 500w\" sizes=\"(max-width: 974px) 100vw, 974px\" \/><figcaption class=\"wp-caption-text\">Consolidated statements of comprehensive income (unaudited) Source: Materialise NV<\/figcaption><\/figure>\n<p>For more of the latest 3D printing financials and other related news sign up to the <a href=\"\/service\/3d-printing\"> Industry newsletter<\/a>, <a href=\"https:\/\/twitter.com\/3dprintindustry\">follow us on Twitter<\/a> and <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">like us on Facebook.<\/a><\/p>\n<p><em>Don\u2019t forget to vote in the first annual <a href=\"\/service\/3d-printing\"> Industry Awards.<\/a><\/em><\/p>\n<p><em>Limited tickets for the <a href=\"\/service\/3d-printing\"> Industry Awards are also now available here.<\/a><\/em><\/p>\n<p><em>Featured image: Inside the MGX showroom at Materialise HQ. Photo by Michael Petch.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>115shares 87 24 4 3D printing service provider and software developer Materialise (NASDAQ:MTLS) has released its financial results for Q1 2017. For the same period in 2016, ending 31st March, total revenue has increased by 19.7% to over 31.9 million EUR (The equivalent of over 34 USD approx.). The report builds on the success reported [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182687,"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\/2017\/02\/Materialise-Magics-3D-Print-suite-software.-Photo-by-Michael-Petch.-1024x768.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68761","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 continue 2016\u2019s momentum with increased revenue for first quarter of 2017 - FacFox News<\/title>\n<meta name=\"description\" content=\"115shares872443D printing service provider and software developer Materialise (NASDAQ:MTLS) has released its financial results for Q1 2017. 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