One of the pioneers in the 3D printing industry reports increases across 3 segments: software, medical and manufacturing.
Materialise software segment offers a proprietary software backbone that improves the capacities of 3D printers and 3D printing operations all over the world. The segment increases from 6,981 k EUR for the second quarter last year to 8,305 k EUR in 2017.
The medical segment proposes a unique platform that offers medical planning and design software, clinical engineering services as well as patient specific devices. Statistics for this segment show an increase of 9.7%, precisely from 9,706 k EUR for the same period in 2016 to 10,646 k EUR this year.
As for the manufacturing segment, it is a set of 3D printing and engineering services to industrial and commercial customers which realized 14,455 k EUR for the second quarter of 2017 against 10,907 k EUR for the same period in 2016.
Executive Chairman Peter Leys gives his feeling about these results: “Materialise turned in another sound quarter, delivering strong revenue growth in all our segments, particularly Manufacturing, where, driven by a surge in end part manufacturing, revenue rose 32.5%. Reflecting the pick-up in the demand environment for 3D printing this year, revenue from our Software segment increased 19.0%, while Medical rose almost 10% on the strength of solid software revenues. Despite start-up activities associated with the opening of our new manufacturing facilities in Leuven and Poland, our Adjusted EBITDA margin more than doubled. We look forward to completing the facilities’ start-up process during the third quarter and to gradually realizing scale effects and efficiency gains thereafter.”
The full press release could be read here.
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