|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three months
|
|
|
|
|
|
For the nine months
|
|
|||||||||||
In 000 |
|
2020 |
|
|
2019 |
|
|
|
|
|
2020 |
|
|
2019 |
|
|||||
|
|
€ |
|
|
€ |
|
|
|
|
|
€ |
|
|
€ |
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Net profit (loss) for the period |
|
|
(366) |
|
|
|
1,001 |
|
|
|
|
|
|
|
(5,152) |
|
|
|
397 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income taxes |
|
|
(764) |
|
|
|
908 |
|
|
|
|
|
|
|
(497) |
|
|
|
2,037 |
|
| Financial expenses |
|
|
2,462 |
|
|
|
1,138 |
|
|
|
|
|
|
|
4,923 |
|
|
|
2,647 |
|
| Financial income |
|
|
(1,131 |
) |
|
|
(172 |
) |
|
|
|
|
|
|
(1,976) |
|
|
|
(900) |
|
| Share in loss of joint venture |
|
|
- |
|
|
|
41 |
|
|
|
|
|
|
|
39 |
|
|
|
245 |
|
| Depreciation and amortization |
|
|
4,922 |
|
|
|
4,904 |
|
|
|
|
|
|
|
14,616 |
|
|
|
14,082 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EBITDA |
|
|
5,123 |
|
|
|
7,820 |
|
|
|
|
|
|
|
11,952 |
|
|
|
18,512 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share-based compensation expense (1) |
|
|
900 |
|
|
|
60 |
|
|
|
|
|
|
|
1,057 |
|
|
|
256 |
|
| Acquisition-related expenses of business combinations (2) |
|
|
- |
|
|
|
140 |
|
|
|
|
|
|
|
- |
|
|
|
140 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ADJUSTED EBITDA |
|
|
6,023 |
|
|
|
8,022 |
|
|
|
|
|
|
|
13,009 |
|
|
|
18,908 |
|
|
|
(1) |
Share-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, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
9,478 |
|
17,161 |
|
14,154 |
|
40,793 |
|
22 |
|
40,785 |
| Segment (adj) EBITDA |
|
3,114 |
|
5,477 |
|
(293) |
|
8,298 |
|
(2,275) |
|
6,023 |
|
|
|
|
|
|
|
|
||||||
| Segment (adj) EBITDA % |
|
32.9% |
|
31.9% |
|
(2.1%) |
|
20.3% |
|
|
|
14.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In 000 |
|
Materialise
|
|
Materialise
|
|
Materialise
|
|
Total
|
|
Unallocated
|
|
Consoli-
|
|
|
|
€
|
|
€
|
|
€
|
|
€
|
|
€
|
|
€
|
| For the nine months ended September 30, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
28,839 |
|
44,541 |
|
51,746 |
|
125,126 |
|
22 |
|
125,148 |
| Segment (adj) EBITDA |
|
9,516 |
|
9,072 |
|
1,474 |
|
20,063 |
|
(7,053) |
|
13,009 |
|
|
|
|
|
|
|
|
||||||
| Segment (adj) EBITDA % |
|
33.0% |
|
20.4% |
|
2.8% |
|
16.0% |
|
|
|
10.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the nine months ended September 30, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
29,529 |
|
43,600 |
|
72,861 |
|
145,990 |
|
(22) |
|
145,968 |
| Segment (adj) EBITDA |
|
8,785 |
|
7,306 |
|
10,393 |
|
26,484 |
|
(7,576) |
|
18,908 |
|
|
|
|
|
|
|
|
||||||
| Segment (adj) EBITDA % |
|
29.8% |
|
16.8% |
|
14.3% |
|
18.1% |
|
|
|
13.0% |
| (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 share-based compensation expenses and acquisition-related expenses of business combinations that are included in Adjusted EBITDA. |
