voxeljet AG Quarterly Investor Communication – Third Quarter Ended September 30, 2024
voxeljet AG reported mixed Q3 2024 results with total revenue slightly increasing by 0.3% to €6.19M. The company saw significant improvements in gross profit margin, rising to 32.6% from 26.8%. Services revenue grew by 3.5% to €2.88M, while Systems revenue declined by 2.3% to €3.31M. For the nine-month period, total revenue remained nearly flat at €19.03M, with Services up 10.6% but Systems down 8.4%. The company lowered its full-year 2024 revenue guidance to €30-32M from €32.5-33.5M. The order backlog decreased to €8.68M (9 printers) compared to €11.74M (15 printers) year-over-year. Progress was reported on their GE Wind Energy printer prototype and High Speed Sintering systems.
voxeljet AG ha riportato risultati misti per il terzo trimestre del 2024, con un aumento leggero del fatturato totale dello 0,3%, arrivando a €6,19 milioni. L'azienda ha registrato significativi miglioramenti nel margine di profitto lordo, salito al 32,6% rispetto al 26,8%. I ricavi dei servizi sono aumentati del 3,5%, pari a €2,88 milioni, mentre i ricavi dei sistemi sono diminuiti del 2,3%, scendendo a €3,31 milioni. Per il periodo di nove mesi, il fatturato totale è rimasto quasi invariato a €19,03 milioni, con i servizi in crescita del 10,6%, ma i sistemi in calo dell'8,4%. L'azienda ha abbassato le previsioni di fatturato per l'intero anno 2024 a €30-32 milioni, rispetto ai precedenti €32,5-33,5 milioni. Il portafoglio ordini è sceso a €8,68 milioni (9 stampanti) rispetto a €11,74 milioni (15 stampanti) nell'anno precedente. Sono stati segnalati progressi sul prototipo della stampante GE Wind Energy e sui sistemi High Speed Sintering.
voxeljet AG informó resultados mixtos para el tercer trimestre de 2024, con un leve aumento en los ingresos totales del 0,3%, alcanzando los €6,19 millones. La compañía vio mejoras significativas en el margen de ganancia bruta, que aumentó al 32,6% desde el 26,8%. Los ingresos por servicios crecieron un 3,5% a €2,88 millones, mientras que los ingresos por sistemas disminuyeron un 2,3% a €3,31 millones. Para el período de nueve meses, los ingresos totales se mantuvieron casi estables en €19,03 millones, con un aumento del 10,6% en servicios, pero una caída del 8,4% en sistemas. La empresa redujo su guía de ingresos para el año completo 2024 a €30-32 millones desde €32,5-33,5 millones. El backlog de pedidos disminuyó a €8,68 millones (9 impresoras) en comparación con €11,74 millones (15 impresoras) en el año anterior. Se informó sobre el progreso en su prototipo de impresora GE Wind Energy y en los sistemas de sinterización a alta velocidad.
voxeljet AG는 2024년 3분기 혼합 결과를 보고했으며, 총 수익은 0.3% 증가하여 €6.19M에 달했습니다. 회사는 총 마진이 26.8%에서 32.6%로 증가하며 현저한 개선을 보였습니다. 서비스 수익은 €2.88M로 3.5% 증가했으며, 시스템 수익은 €3.31M로 2.3% 감소했습니다. 9개월 동안 총 수익은 €19.03M로 거의 변동이 없었으며, 서비스는 10.6% 증가했지만 시스템은 8.4% 감소했습니다. 회사는 2024년 전체 연간 수익 전망을 €30-32M로 하향 조정했으며, 이전의 €32.5-33.5M에서 변경되었습니다. 수주잔고는 작년 대비 €8.68M(9대의 프린터)로 감소했으며, 이전에는 €11.74M(15대의 프린터)이었습니다. GE 풍력 에너지 프린터 프로토타입 및 고속 소결 시스템에 대한 진전이 보고되었습니다.
voxeljet AG a annoncé des résultats mitigés pour le troisième trimestre 2024, avec une légère augmentation du chiffre d'affaires total de 0,3 %, atteignant 6,19 millions d'euros. L'entreprise a constaté des améliorations significatives de la marge brute, passant de 26,8 % à 32,6 %. Les revenus des services ont augmenté de 3,5 % pour atteindre 2,88 millions d'euros, tandis que les revenus des systèmes ont diminué de 2,3 % pour atteindre 3,31 millions d'euros. Pour la période de neuf mois, le chiffre d'affaires total est resté quasiment stable à 19,03 millions d'euros, avec une augmentation de 10,6 % pour les services mais une baisse de 8,4 % pour les systèmes. L'entreprise a abaissé ses prévisions de chiffre d'affaires pour l'année 2024 à 30-32 millions d'euros contre 32,5-33,5 millions d'euros auparavant. Le carnet de commandes a diminué à 8,68 millions d'euros (9 imprimantes) par rapport à 11,74 millions d'euros (15 imprimantes) l'année précédente. Des progrès ont été signalés sur leur prototype d'imprimante GE Wind Energy et sur les systèmes de frittage à haute vitesse.
voxeljet AG berichtete über gemischte Ergebnisse für das dritte Quartal 2024, bei einem leichten Anstieg des Gesamtumsatzes um 0,3% auf €6,19 Millionen. Das Unternehmen verzeichnete signifikante Verbesserungen bei der Bruttomarge, die von 26,8% auf 32,6% stieg. Der Umsatz mit Dienstleistungen wuchs um 3,5% auf €2,88 Millionen, während der Umsatz mit Systemen um 2,3% auf €3,31 Millionen sank. Für den Neunmonatszeitraum blieb der Gesamtumsatz mit €19,03 Millionen nahezu stabil, wobei die Dienstleistungen um 10,6% zulegten, die Systeme jedoch um 8,4% zurückgingen. Das Unternehmen senkte seine Umsatzprognose für das Gesamtjahr 2024 auf €30-32 Millionen von zuvor €32,5-33,5 Millionen. Der Auftragsbestand verringerte sich auf €8,68 Millionen (9 Drucker) im Vergleich zu €11,74 Millionen (15 Drucker) im Vorjahr. Fortschritte wurden für den Prototyp der GE Wind Energy Drucker und die Hochgeschwindigkeits-Sinterungssysteme gemeldet.
- Gross profit margin increased significantly to 32.6% from 26.8% in Q3
- Services revenue grew by 3.5% to €2.88M in Q3
- Nine-month services revenue increased by 10.6% to €9.35M
- Total gross profit increased by 28.4% to €6.96M for nine months
- Systems revenue declined by 2.3% to €3.31M in Q3
- Nine-month systems revenue decreased by 8.4% to €9.68M
- Order backlog decreased to €8.68M from €11.74M year-over-year
- Full-year revenue guidance lowered to €30-32M from €32.5-33.5M
- Experiencing softer demand in Europe
- Behind plans in China market
FRIEDBERG,
HIGHLIGHTS
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Three months ended September 30, 2024 compared to the same period last year
-
Total revenue slightly increased by
0.3% to kEUR 6,188 from kEUR 6,167 -
Gross profit margin increased significantly to
32.6% from26.8% (+ 5.8 percentage points) -
Total gross profit increased significantly by
22.2% to kEUR 2,018 from kEUR 1,652. -
Services revenues increased by
3.5% to kEUR 2,879 from kEUR 2,781. -
Systems revenues decreased by
2.3% to kEUR 3,309 from kEUR 3,386.
-
Total revenue slightly increased by
-
Nine months ended September 30, 2024 compared to the same period last year
-
Total revenue increased by
0.05% to kEUR 19,028 from kEUR 19,019 -
Gross profit margin increased significantly to
36.6% from28.5% (+ 8.1 percentage points) -
Total gross profit increased significantly by
28.4% to kEUR 6,960 from kEUR 5,422 -
Services revenues increased by
10.6% to kEUR 9,347 from kEUR 8,449. -
Systems revenues decreased by
8.4% to kEUR 9,681 from kEUR 10,570.
-
Total revenue increased by
-
Full year 2024 revenue is now expected to be between 30.0 and
32.0 million euros (lowered from 32.5 and33.5 million euros )
Mr. Rudolf Franz, Chief Executive Officer of voxeljet, commented: “In our on-demand printing Services segment, demand continued to be very robust - both in
Over the last weeks, demand in
It is great to see that gross margins in both segments improved significantly, both for the third quarter and nine-months ended September 30, 2024. We continue to optimize costs wherever possible.”
Regarding the new, extremely large 3D printer prototype for GE Wind Energy: the development and assembly is progressing as planned. Last month we achieved a significant technical milestone by printing for the first time.
Regarding High Speed Sintering (HSS): all systems that we had on stock are sold and we start the assembly of the next two systems shortly. We see high interest in this new printer and are talking to possible clients in
ORDER BACKLOG FOR 3D PRINTERS
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|
|
|
30 September 2024 |
30 September 2023 |
Order Backlog value (kEUR) |
8,680 |
11,737 |
Number of printers in order backlog |
9 |
15 |
Note: unaudited |
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ABOUT VOXELJET
voxeljet’s roots reach back to the year 1995 with the first successful dosing of UV-resins. In the context of a "hidden" project, initial 3D-printing tests were performed at the Technical University Munich. Our company was founded on May 5, 1999 as a spin-off from TUM in
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View source version on businesswire.com: https://www.businesswire.com/news/home/20241104186147/en/
Johannes Pesch | Director Purchasing, Business Development & Investor Relations | Phone: +49 (821) 7483 172
Source: voxeljet AG
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