Financial ReportsMoney & Funding

Materialise shows impressive year-on-year growth in Q1 2022

Stay up to date with everything that is happening in the wonderful world of AM via our LinkedIn community.

Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing and medical software and of sophisticated 3D printing services, has released its financial results for the first quarter, ending March 31, 2022, showing impressive year-on-year growth from Q1 2021 to Q1 2022

Executive Chairman, Peter Leys, commented, “While the global economy was negatively impacted by a combination of geopolitical instability and the COVID-19 pandemic, Materialise continued to perform well. After posting record numbers for 2021, all of our segments grew during the first quarter of 2022, with an aggregate revenue increase of 16% on a consolidated basis, driven by the continued recovery of Materialise Manufacturing. We are particularly pleased that our deferred revenue from annual software sales and maintenance fees increased significantly, underscoring the solid recurring sales performance of our Materialise Software and Materialise Medical segments. Moreover, our Adjusted EBITDA for the quarter was €5.4 million, slightly above last year’s, and included the continued operational investments in Link3D, a developer of AM manufacturing execution systems that we acquired on January 4, 2022.”

Total revenue for the first quarter of 2022 increased 16.3% to €53 million from €45 million for the first quarter of 2021. Adjusted EBITDA increased to €5.4 million for the first quarter of 2022 from €5.3 million for the 2021 period. The Adjusted EBITDA margin (Adjusted EBITDA divided by total revenue) for the first quarter of 2022 was 10.3%, compared to 11.7% for the first quarter of 2021.

The results of Link3D have been fully consolidated with the results of the Materialise Software segment as of the beginning of this year. Revenue from Materialise Software increased 2.6% to €10.5 million for the first quarter of 2022 from €10.3 million for the same quarter last year. Segment EBITDA decreased, including the effect of ongoing investments in Link3D, to €2 million from €3.4 million while the segment EBITDA margin was 18.4% compared to 33.6% for the prior-year period.

Revenue from our Materialise Medical segment increased 13.0% to €18.3 million for the first quarter of 2022 compared to €16.2 million for the same period in 2021. Segment EBITDA amounted to €3.2 million for the first quarter of 2022 compared to €4.5 million while the segment EBITDA margin was 17.6% compared to 28.0% for the first quarter of 2021.

Revenue from our Materialise Manufacturing segment increased 26.2% to €24.1 million for the first quarter of 2022 from €19.1 million for the first quarter of 2021. Segment EBITDA increased to €2.6 million from €144,000 while the segment EBITDA margin grew to 10.8% compared to (0.8)% for the first quarter of 2021.

Gross profit grew to €28.9 million compared to €24.7 million for the same period last year, while gross profit as a percentage of revenue increased to 54.5% compared to 53.9% for the first quarter of 2021.

Research and development, sales and marketing and general and administrative expenses increased, in the aggregate, 17.2% to €29.8 million for the first quarter of 2022 from €25.4 million for the first quarter of 2021. Net financial result was €37,000 compared to a loss of €4.1 million for the first quarter of 2021.

Research
Composites AM 2024

746 composites AM companies individually surveyed and studied. Core composites AM market generated over $785 million in 2023. Market expected to grow to $7.8 billion by 2033 at 25.8% CAGR. This new...

Edward Wakefield

Edward is a freelance writer and additive manufacturing enthusiast looking to make AM more accessible and understandable.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • PHPSESSID
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Save
Accept all Services

Newsletter

Join our 12,000+ Professional community and get weekly AM industry insights straight to your inbox. Our editor-curated newsletter equips executives, engineers, and end-users with crucial updates, helping you stay ahead.