Q2 2024 Materialise NV Earnings Call Transcript
Key Points
- Materialise NV (MTLS) achieved record quarterly revenue of EUR68.8 million, marking a growth of over 6% compared to Q2 2023.
- The company reported a gross margin of 57%, consistent with the previous year, indicating stable profitability.
- Materialise NV (MTLS) increased its adjusted EBITDA to EUR3.9 million, representing 5.6% of revenue, despite intensified R&D investments.
- The acquisition of FEops is expected to create growth opportunities in the medical segment, particularly in the cardiovascular market.
- Materialise NV (MTLS) formed a strategic partnership with nTop, enhancing its ability to process complex 3D printing designs efficiently.
- The prototyping market continues to show structural weakness, which may impact future growth in the manufacturing segment.
- The integration of FEops is expected to have a limited negative impact on EBIT initially due to integration costs and further investments.
- Despite growth, the software segment's adjusted EBITDA margin decreased due to intensified R&D efforts.
- The manufacturing segment faces challenges from continued low prototyping demand, affecting overall growth potential.
- High capital expenditures, particularly in the new ACTech plant, are impacting free cash flow, keeping it close to breakeven.
Good day, and thank you for standing by. Welcome to the Q2 2024 Materialise financial results conference call. (Operators instructions) I would now like to hand the conference over to your first speaker today, Harriet Fried of LHA. Harriet?
/& -
Good morning, and thank you for joining us today for Materialise's quarterly conference call. With us on the call are Brigitte De Vet, Chief Executive Officer and Koen Berges, Chief Financial Officer.
Today's call and webcast are being accompanied by a slide presentation that reviews Materialise's strategic, financial, and operational performance for the second quarter of 2024. To access the slides if you've not already done so, please go to the Investor Relations section of the company's website at www.materialise.com. The earnings press release that was issued earlier today can also be found on that page.
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