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Materialise revenue rises 16% in Q1 2022 amid “tremendous” manufacturing growth

Belgian software and 3D printing service providerMaterialise(MTLS) has revealed that its revenue rose by 16% in Q1 2022.

As reported in its latest financials, Materialise generated €53 million for Q1 2022, 16% more than the €45.6 million it brought in during Q1 2021. On the firm’s earnings call, its CFO Johan Albrecht explained that while each of its core segments enjoyed growth during the quarter, this was particularly the case with its Manufacturing division, which finally managed to return to pre-COVID revenue levels.

“After posting record numbers for 2021, all our segments grew during the first quarter of 2022, with an aggregate revenue increase of 16% on a consolidated basis,” added Materialise’s Executive Chairman, Peter Leys. “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.”

“While the global economy was negatively impacted by a combination of geopolitical instability and the COVID-19 pandemic, Materialise continued to perform well.”

Mitalize最近在德国不来梅推出了其新的金属能力中心。通过物质照片照片。
在德国不来梅的Metitalize Metal能力中心。通过物质照片照片。

Materialise’s Q1 2022 financials

像往常一样,物质化的制造业务是2022年第一季度的最高收入,但在该公司的其他领域中,其领先地位大大增长。在整个季度,该公司的制造部门带来了2410万欧元,这是对2019年第1季前第一季度的持平,但比第1季度2021年第1季度产生的1910万欧元增长了26%。

Medical was Materialise’s next-fastest growing division in Q1 2022, attracting €18.3 million in revenue, 13% more than it reported in Q1 2021. This growth was boosted by a 12% increase in the revenue generated from medical devices by its sales partners, and the firm’s CEO Fried Vancraen remarked on its earnings call, that medical instrumentation “continues to be an important market” for its products.

Lastly, Materialise’s Software segment reported revenue growth as well, albeit at a much slower pace, as it brought in €10.5 million, 3% more than the €10.2 million it managed to attract during Q1 2021. This figure, which now includes any income generated byLink3D,Mitalize的备受瞩目的软件收购last year, was also driven by a 10% rise in the recurring revenue of its existing products.

Revenue (€) Q1 2021 Q1 2022 Difference (%) Q1 2019 Q1 2022 Difference (%)
Software 10.2m 10.5m +3 9.4m 10.5m +12
Medical 16.2m 18.3m +13 136m 18.3m +35
Manufacturing 19.1m 24.1m +26 24.2m 24.1m -
Total 45.6m 53m +16 47.1m 53m +13

促进Q1及以后的增长

Much of the news that came from Materialise in Q1 2022 was focused on driving future growth, as it announced a series of initiatives that’ll see its technologies applied in new, potentially-lucrative ways. One such project saw the company work withSigma Labsto come up with areal-time metal 3D printing error correctionplatform, which offers potential workflow consistency and scalability benefits.

The firm also landed a‘historic deal’ with Proponent, that will see the pair seek out novel aerospace 3D printing applications, as well as adding前进’sUltrasint PA11to its portfolio, in a move that could help改善目击者的可持续性

在Interialize的未来计划方面,范克拉恩在其收入电话会议上透露,它打算继续全面启动魔法26, despite the war in Ukraine where much of its development team is based. Through the incorporation of Siemens’ Parasolid kernel, the firm’s CEO said that the software will open a “range of new opportunities” to users, which “further enhance their productivity.”

范克拉恩还宣布,实体计划在TheRAPID+TCTtrade show. Designed to capture, store and automate the knowledge of process planners and operators, the software enables users to utilize this data to optimize the performance of their 3D printing workflows. The platform is set to be an ‘open system’ as well, with external partners due to be unveiled at RAPID+TCT.

“中央co-am平台是“数据湖”that structures the information and secures access by the right stakeholders,” explained Vancraen. “It is a customer-owned platform that provides an environment where skilled operators can be supported by a variety of collaborating software tools which increase their efficiency.”

Visualization of a 3D printed part being realized on Materialise's Magics software.
在Mitalize的Magics软件上实现了3D打印零件的可视化。通过物质图像。

Accounting for an ‘uncertain future’

在他的结束语,利斯说,虽然他佤邦s “encouraged by its good results” in Q1 2022, Materialise remains wary “that the future is less certain” than it was at the end of FY 2021. Citing the “continuing lockdowns” seen in China, “Russia’s aggressive invasion in Ukraine” and supply chain disruption, the firm’s Executive Chairman conceded that its “operations may be impacted” in future.

但是,尽管Leys没有提供有关电话的最新前景,但他确实说“维持其全年指导”的实质性,该指导的上一季度的收入增长为“至少10%”。该公司的余额为1.66亿欧元,仍然很强,即使这一数字确实落在第4季度2021年底的1.9亿欧元中,因为它行使了购买Link3D股票的100%的选择。

“It is possible that over the course of 2022, our operations and results will be more impacted by the circumstances than what has been the case until today,” concluded Leys. “We will continue to monitor and manage this delicate and unfortunately, unstable situation as closely as we can, and intend to continue to evaluate and update our outlook during our next quarterly call.”

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Featured image shows Materialise’s Metal Competence Center in Bremen, Germany. Photo via Materialise.

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