voxeljet AG Reports Financial Results for the Second Quarter Ended June 30, 2015

The fair value of long-term debt was determined using discounted cash flow models based on the relevant forward interest rate yield curves. The fair value of finance lease obligations was determined using discounted cash flow models on market interest rates available to the Company for similar transactions at the relevant date.

Due to their short maturity and the current low level of interest rates, the carrying amounts of credit lines and bank overdrafts approximate fair value.

8. Other liabilities and provisions

Other liabilities and provisions comprise of advance payments received, amounting to kEUR 576 at June 30, 2015 (December 31, 2014: kEUR 294). In addition, as of June 30, 2015, the amount related to the LTCIP included in other liabilities and provisions on our consolidated statements of financial position was kEUR 1,566 compared to kEUR 751 as of December 31, 2014

9. Segment reporting

The following table summarizes segment reporting. The sum of the amounts of the two segments equals the total for the Group in each of the periods.

         
Three months ended June 30,
2015     2014    
(€ in thousands)
SYSTEMS SERVICES SYSTEMS SERVICES
Revenues 1,933 3,551 1,234 1,496
Gross profit 632 1,202 294 566
Gross profit in % 32.7% 33.8% 23.8% 37.8%
  Six months ended June 30,
2015         2014    
(€ in thousands)
SYSTEMS   SERVICES SYSTEMS   SERVICES
Revenues 4,750 6,323 2,546 2,923
Gross profit 1,404 2,309 691 1,248
Gross profit in % 29.6% 36.5% 27.1% 42.7%

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