Materialise Reports Second Quarter 2021 Results

Reconciliation of Net Profit (Loss) to EBITDA and Adjusted EBITDA (Unaudited)

for the three months ended
June 30,
for the six months ended
June 30,
In 000€

2021

 

2020 (*)

 

2021

 

2020 (*)

Net profit (loss) for the period

3,443

(1,969)

(224)

(4,870)

Income taxes

131

(191)

(25)

267

Financial expenses

815

640

5,515

2,461

Financial income

(1,968)

(345)

(2,556)

(845)

Depreciation and amortization

4,845

5,017

9,926

9,777

Share in loss of joint venture

-

-

-

39

EBITDA

7,266

3,152

12,637

6,829

Share-based compensation expense (1)

(358)

231

(774)

157

Acquisition-related expenses business combinations (2)  

17

-

405

-

Adjusted EBITDA

6,925

3,382

12,268

6,985

(1)

  Share-based compensation expense represents the cost of equity-settled and share-based payments to employees.

(2)

  Acquisition-related expenses of business combinations represent expenses incurred in connection with the acquisition of our option to buy Link3D.

(*)

  The year 2020 has been restated to reflect the final accounting of the business combination with Engimplan.
    Impact on the year to date operating result of the (83) kEUR

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