|
|
For the three months
|
|
|
|
|
|
For the nine months
|
|
||||||||||
In 000 |
|
2019 |
|
|
2018 |
|
|
|
|
|
2019 |
|
|
2018 |
|
||||
|
|
€ |
|
|
€ |
|
|
|
|
|
€ |
|
|
€ |
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net profit (loss) for the period |
|
|
1,001 |
|
|
|
2,316 |
|
|
|
|
|
|
397 |
|
|
|
2,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes |
|
|
908 |
|
|
|
230 |
|
|
|
|
|
|
2,037 |
|
|
|
773 |
|
| Financial expenses |
|
|
1,138 |
|
|
|
1,039 |
|
|
|
|
|
|
2,647 |
|
|
|
3,556 |
|
| Financial income |
|
|
(172 |
) |
|
|
(1,308 |
) |
|
|
|
|
|
(900) |
|
|
|
(2,739) |
|
| Share in loss of joint venture |
|
|
41 |
|
|
|
47 |
|
|
|
|
|
|
245 |
|
|
|
291 |
|
| Depreciation and amortization |
|
|
4,904 |
|
|
|
4,519 |
|
|
|
|
|
|
14,082 |
|
|
|
12,534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EBITDA |
|
|
7,820 |
|
|
|
6,843 |
|
|
|
|
|
|
18,512 |
|
|
|
16,917 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-cash stock-based compensation expense (1) |
|
|
60 |
|
|
|
191 |
|
|
|
|
|
|
256 |
|
|
|
557 |
|
| Acquisition-related expenses of business combinations (2) |
|
|
140 |
|
|
|
– |
|
|
|
|
|
|
140 |
|
|
|
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ADJUSTED EBITDA |
|
|
8,022 |
|
|
|
7,034 |
|
|
|
|
|
|
18,908 |
|
|
|
17,474 |
|
| (1) |
Non-cash stock-based compensation expenses represent the cost of equity-settled and cash-settled share-based payments to employees. |
|
| (2) |
Acquisition-related expenses of business combinations represent expenses incurred in connection with the Engimplan acquisition. |
| Segment P&L (Unaudited) |
||||||||||||
| In 000 |
|
Materialise
|
|
Materialise
|
|
Materialise
|
|
Total
|
|
Unallocated
|
|
Consoli-
|
|
|
|
€ |
|
€ |
|
€ |
|
€ |
|
€ |
|
€ |
| For the three months ended September 30, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
10,860 |
|
15,488 |
|
24,127 |
|
50,474 |
|
(26) |
|
50,449 |
| Segment EBITDA |
|
3,769 |
|
2,795 |
|
3,862 |
|
10,426 |
|
(2,404) |
|
8,022 |
|
|
|
|
|
|
|
|
||||||
| Segment EBITDA % |
|
34.7% |
|
18.0% |
|
16.0% |
|
20.7% |
|
|
|
15.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the three months ended September 30, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
9,874 |
|
12,824 |
|
24,012 |
|
46,710 |
|
22 |
|
46,732 |
| Segment EBITDA |
|
3,384 |
|
2,475 |
|
3,405 |
|
9,264 |
|
(2,230) |
|
7,034 |
|
|
|
|
|
|
|
|
||||||
| Segment EBITDA % |
|
34.3% |
|
19.3% |
|
14.2% |
|
19.8% |
|
|
|
15.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In 000 |
|
Materialise
|
|
Materialise
|
|
Materialise
|
|
Total
|
|
Unallocated
|
|
Consoli-
|
|
|
|
€ |
|
€ |
|
€ |
|
€ |
|
€ |
|
€ |
| For the nine months ended September 30, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
29,529 |
|
43,600 |
|
72,861 |
|
145,990 |
|
(22) |
|
145,968 |
| Segment EBITDA |
|
8,785 |
|
7,306 |
|
10,393 |
|
26,484 |
|
(7,576) |
|
18,908 |
|
|
|
|
|
|
|
|
||||||
| Segment EBITDA % |
|
29.8% |
|
16.8% |
|
14.3% |
|
18.1% |
|
|
|
13.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the nine months ended September 30, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
27,331 |
|
37,170 |
|
71,031 |
|
135,532 |
|
175 |
|
135,707 |
| Segment EBITDA |
|
8,568 |
|
6,659 |
|
8,802 |
|
24,028 |
|
(6,554) |
|
17,474 |
|
|
|
|
|
|
|
|
||||||
| Segment EBITDA % |
|
31.3% |
|
17.9% |
|
12.4% |
|
17.7% |
|
|
|
12.9% |
| (1) |
Unallocated Revenues consist of occasional one-off sales in our core competencies not allocated to any of our segments. |
|
| (2) |
Unallocated segment EBITDA consists of corporate research and development, corporate headquarter costs and other operating income (expense), and the added non-cash stock-based compensation expenses and acquisition related expenses of business combinations that are included in Adjusted EBITDA. |
